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MRC Global Inc. (MRC) reported decent results for the first quarter 2013. Earnings per share in the quarter came in at 45 cents, reflecting an improvement of one cent from the year-ago quarter. The results also exceeded the Zacks Consensus Estimate of 43 cents. Revenue MRC Global reported a 5.6% year-over-year decline in revenue that settled at [...]

several key technical indicators suggest that the bulls are now holding the edge for a secondary upswing. The S&P may extend the multi-week rally before meeting strong resistance near 1444.

BANGKOK, 22 August 2012 - The Metropolitan Waterworks Authority (MWA) has used 2 billion baht on laying new water pipelines across Bangkok to support the growing population. A team of MWA executives and the press visited the construction site of a new pipe in front of the Chinese Embassy on Ratchadapisek Road. The new [...]

Larry Robbins ' hedge fund Glenview Capital just filed a 13G with the SEC regarding Mueller Water Products (MWA) where they reveal a 6.35% ownership stake in the company with 9,945,383 shares. This marks a 50% increase in their position size since the end of 2011. The disclosure was required due to trading activity on April 2nd. In other recent portfolio activity we also touched on Glenview's new stake in Tenet Healthcare. Per Google Finance, Mueller Water Products is "manufacturer and...

BANGKOK, 12 April 2012 -The Metropolitan Waterworks Authority of Thailand (MWA) is providing free cold drinking water for thirsty revellers and arranging trucks of water for them to fill up their containers for use in the water-splashing Songkran festival from today until tomorrow. The move is a joint effort between the MWA and Phra Nakhon [...]

BANGKOK, 6 April 2012 -The Metropolitan Waterworks Authority (MWA) said it would increase the amount chlorine in the water to assure the quality of tap water for Thai people during the summer when digestive related symptoms often occur. The MWA is encouraging people to consume clean food and water as well as wash their hands [...]

BANGKOK, 29 March 2012 – The Metropolitan Waterworks Authority (MWA) is urging Bangkok residents not to swim in Prapa Canal during the Songkran Festival for their own safety and the sanitation of tap water. MWA Director for Corporate Communication Tassanee Rerksantiwong said the agency is requesting cooperation from residents living along Prapa Canal to [...]

BANGKOK, 3 March 2012 - The Metropolitan Waterworks Authority (MWA) will soon complete its years-long improvement of the water supply tunnel, which will enable it to cope with a rise in water demand during the approaching summertime. MWA Deputy Governor Luechai Deethawon said on Friday that the water-supplying tunnel improvement project, which began at [...]

BANGKOK, 23 February 2012 - The Metropolitan Waterworks Authority (MWA) has reiterated that it has been following the World Health Organization (WHO)'s water quality standard in all process. MWA Governor Chareon Passara said that his organization has been placing an emphasis on the quality of the whole water system from the source of production [...]

BANGKOK, 30 January 2012 - The Metropolitan Waterworks Authority (MWA) has announced that it will, for the reason of inspection and maintenance work, stop distributing water in Min Buri district on Tuesday night. The Min Buri Water Distribution Pumping Station will stop pumping water to households in order to check the long-distance control system [...]

BANGKOK, 31 October 2011 -The Metropolitan Waterworks Authority (MWA) has reported that the removal of sandbags from embankments protecting the waterwork's main water resource by residents living near Khlong Prapa Canal which resulted in floodwater entering its holding tank has not affected tap water supply to the city. The floodwater had remained in the [...]

BANGKOK, 28 October 2011 – The Metropolitan Waterworks Authority will offer a big discount on the tap water fees of the residents in Bangkok, Nonthaburi and Samut Prakan to help lower their financial burdens. The people living in the aforesaid provinces will only pay half of their water usage fees in October. The MWA [...]

BANGKOK, 12 October 2011 - The Metropolitan Waterworks Authority (MWA) has assured the public that tap water will be dispensed as usual despite the floods as the supplying canal has been reinforced to endure more floodwater. In the midst of the current widespread flooding, MWA Governor Charoen Passara has led a team of related [...]

BANGKOK, 8 June 2011 – Tap water in Thailand is not contaminated by the new E. coli strain, which is currently spreading in many European countries, according to the Metropolitan Waterworks Authority (MWA). MWA Water Quality Department Director Jongkolnee Asuwet said E. coli strain is usually found in faeces of warm-blooded animals as [...]

BANGKOK, 30 March 2011 - The Metropolitan Waterworks Authority (MWA) has assured people residing in Bangkok and its vicinities that fresh water would be adequate for their consumption during summer this year. Speaking about tap water supplies, MWA Governor Chareon Passara stated that earlier the MWA was very worried about water level in the [...]

BANGKOK, 22 March 2011 - The Metropolitan Waterworks Authority (MWA) has confirmed no radioactive contamination in Thailand's tap water while urging the public not to worry about impacts from Japan's nuclear emergency. Director of the MWA's Water Quality Department Jongkolnee Asuwet insisted that tap water in Thailand was completely free of radioactive contamination and [...]

Beazer Homes USA, Inc. (NYSE:BZH) surged by 3.34% and closed at $5.57 whereas overall traded volume stood at 1.59 million shares for the day. Its total market capitalization stood at $421.48 million. Its price to earnings ratio stands at 557 times till its last trading session. EnergySolutions, Inc. (NYSE:ES) reported the gain of 1.26% to close [...]

Friday, September 17, 4:07 PM ET Earlier this week China Cord Blood (NYSE:CO) said they were authorizing a share repurchase program which will allow the company to buy up to $15 million worth of its ordinary shares before September 14, 2011. Today, shares of China Cord Blood are higher by over [...]

I wrote about Mueller Water Products (NYSE: MWA MWA-B ) last July. At the time only the Class A shares were publicly traded. Later on, Walter Industries (NYSE: WLT ) completed the spin-off of Mueller by distributing its Class B shares to its shareholders. The Mueller stake in the Model Portfolio is of the B kind and resulted from owning Walter shares to begin with. But for the AA Value Fund which I update you on from time to time, I purchased Mueller A shares before the B...

I last updated you on the AA Value Fund in early August . Just a reminder that the AA Value Fund is separate from our Model Portfolio. The Fund is a super concentrated portfolio which I will update you on periodically. The S&P 500 was flat from June to July and began its climb in August. The Fund actually ended August below its July level before mounting a comeback. As I had noted in my last update, the Fund was heavily weighted in the NYSE Group at the time(NYSE: NYX ). While we made...