Seeking Alpha: With More Realistic Expectations, Itron Looks Interesting Again

Smart metering company Itron (ITRI) is a good example of why I'm always skeptical whenever I see people writing "don't worry about the valuation, just focus on the growth". This was a great growth story for a number of years, but the stock got expensive along the way and the high valuation only served to magnify the disappointment when the financial performance got wobbly.

Years later, I'm finding Itron more interesting. A lot of the wide-eyed optimism about the opportunity in smart metering and related utility smart grid technologies has been scrubbed out, and the global market potential is still pretty compelling. While a recently announced restructuring suggests that the turbulence within Itron isn't completely over, these shares seem like a reasonable opportunity in a market offering fewer and fewer of those.

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With More Realistic Expectations, Itron Looks Interesting Again