http://stockmarketbeat.com/blog1/2007/03/09/itri-itron-lands-big-meter-order/ Our beat: The stock market. Our job: Beat it. Tue, 03 Jun 2008 15:36:49 -0600 http://wordpress.org/?v=2.8.1 hourly 1 http://stockmarketbeat.com/blog1/2007/03/09/itri-itron-lands-big-meter-order/comment-page-1/#comment-23158 ITRI: Reading Itron’s Meter - Stock Market Beat - Our beat is the stock market. Our job is to beat it. Thu, 05 Apr 2007 19:34:39 +0000 http://stockmarketbeat.com/blog1/2007/03/09/itri-itron-lands-big-meter-order/#comment-23158 [...] When Itron (ITRI) announed a large sale recently, we said “make no bones about it: automatic meter reading will be a long-term upgrade cycle, and the fact that a company with a market cap under $2 billion is one of the leaders means a great long-term opportunity for the stock, despite the hiccups they are bound to face along the way.” Possibly less concerned about those hiccups are the private equity guys who provided some of the capital Itron needed for a recent acquisition. As we said at the time: The best deal of all was reserved for 10 private equity investors, who were given a discount from the recent trading so as not to disrupt the market price. The $57.50 they paid (which they won’t even have to shell out until Thursday) has already yielded a 17% return. [...] [...] When Itron (ITRI) announed a large sale recently, we said “make no bones about it: automatic meter reading will be a long-term upgrade cycle, and the fact that a company with a market cap under $2 billion is one of the leaders means a great long-term opportunity for the stock, despite the hiccups they are bound to face along the way.” Possibly less concerned about those hiccups are the private equity guys who provided some of the capital Itron needed for a recent acquisition. As we said at the time: The best deal of all was reserved for 10 private equity investors, who were given a discount from the recent trading so as not to disrupt the market price. The $57.50 they paid (which they won’t even have to shell out until Thursday) has already yielded a 17% return. [...]

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