Stock Pick of the Day.
Insituform (INSU) is down 21% following bad earnings miss and guidance. Their core proprietary business (rehabilitation/replacement of old sewer, water, gas, and industrial pipes) is intact but they took a huge loss on their tunneling business, used in the installation of new underground services.
INSU is a play on the water segment. IMHO one of two things will happen. They will abandon their unprofitable tunneling business and stick to their profitable water-related business or they will be taken over by a utility or large player with interests in the water segment (i.e., GE, etc.). It is trading near significant multi-year support at about $15 or so. Worth a look (and in my case, a BUY), in my opinion.
Market Data 
Markets 
AI
