Professional
Added to YB: 2024-06-06
Pitch date: 2024-06-05
CDZI [neutral]
Cadiz Inc.
+90.27%
current return
Author Info
Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.
Company Info
Cadiz Inc., together with its subsidiaries, provides water solutions in the United States. The company operates in two segments, Land and Water Resources; and Water Filtration Technology.
Market Cap
$456.3M
Pitch Price
$2.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
-23.80
P/E
-11.30
EV/Sales
33.96
Sector
Water Utilities
Category
special_situation
Pernas Research Passes On: Cadiz Inc.
CDZI: Owns massive Mojave water reservoir, aiming to pipe to CA by 2028. Freshwater advantage, but desalination & reuse competition looms. Federal & state regulation hinders pipeline progress. Awaiting better risk/reward before considering $208M mrkt cap at $3.07.
Read full article (1 min)