Water is still abundant on this planet, but accessing clean water is getting more and more challenging in many areas as population growth and demands from agriculture and industry are leading to more intense groundwater depletion. That’s not a good thing, but it creates opportunities for Franklin Electric (NASDAQ:FELE) through its diverse line of groundwater pumps and related equipment, as well as its recently-assembled water treatment business.
There’s more to Franklin than groundwater pumping, as the company also has a large business in surface pumping equipment, as well as pumps and other system components for fueling systems. There’s really no such thing as a cheap water stock these days, but I do find a little more relative appeal in the idea of owning a stock that has such a clear tie to water accessibility and water quality.
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Franklin Electric Offers Attractive Leverage To Water Scarcity And Water Quality
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