Post #281 by ajm101 on the Falling Knives board

Investment Strategies / Falling Knives

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they are down 50% since Jan 2023

Sorry, that is Jan 2022, not 2023.

a few water utilities are in those screen results, too

After digging into that a little, it may be related to EPA PFAS regulation. I don't know how long the standards were under consideration or how much cost there is to complying with them. I found some press releases from a couple of the water utilities referring to complying with the new regulation with ion-exchange resins, and that the stock of a major supplier of those, Purolite (Ecolab, ECL subsidiary) had moved but it wasn't highly correlated - just visually speaking - with the downtrend in the water utilities.

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