Ticker: WW
Industry: utilities
Starting Price: $80.00
Risk: low
Expected Return: 25%
Beta: 0.1
Water Works is Fakeonomy's water monopoly - it has no competitors. It used to be a crown corporation, but was privatized in 2001. Strict government regulations dictate the price of the water it charges toconsumers. Demand for water is very stable, however it's inability to raise prices quickly can be devastating if its costs start to rise too quickly. But still, it's a very conservative play. When asked if the company is losing market share to bottled water companies, Chairman Mark Brent responded: "Is that really a question right now? No one will ever take showers with bottled water."
Water Works starts venture to deliver milk by pipeline
Effect: +23%
WW's smart metering system enhances customer billing accuracy
Effect: +31%
WW proposes to deliver milk by pipeline
Effect: +7%
WW increases tap water prices 30%
Effect: +17%
E.coli in drinking water announced by Fakeonomy
Effect: -25%
Citizens protest against rising water prices
Effect: -27%
Water Works criticized for management bonuses amidst rate hikes
Effect: -25%
WW raises water rates 10%
Effect: +34%
Water Works invests in renewable energy sources for distribution networks
Effect: +44%
Water Works faces lawsuits over land use for expansion
Effect: -43%
Water Works's innovative water recycling program gains attention
Effect: +12%
WW reports all-time high earnings
Effect: +58%
WW raises tap water rates 20%
Effect: +26%
WW presents plan to deliver orange juice by pipeline
Effect: +19%
WW invests in renewable energy sources for distribution networks
Effect: +41%
Outraged customers protest against rising water prices
Effect: -20%
WW's smart metering system enhances customer billing accuracy
Effect: +23%
Water Works invests in renewable energy sources for distribution networks
Effect: +10%
"Water just works": Warren Buffet praises WW
Effect: +18%
WW criticized for management bonuses amidst rate hikes
Effect: -16%