I've been highlighting some stocks of late that will get a boost from the very sad, drought like conditions out West. Cadiz Inc. (NASDAQ: CDZI) is one such pick. A water resource management company, Cadiz owns 46,000 acres throughout Southern California and provides water services to this region. In its vast acreage, it taps and stores groundwater, conserves irrigation water, and provides desert agriculture -- landscaping that uses less irrigation than normal plantings. It is also also developing technologies for water conservation, reclamation, production and conveyance. Cadiz's growth model is predicated on the growing population of Southern California coupled with the dwindling water resources. This is not a problem that will be going away, unfortunately. This means profit for Cadiz. I think this is a strong company that is going to get stronger as the dry, hot conditions in the U.S. West persist. It has a lock on the land, which means it has the access to the water. Water will be the new gold of this dry region.
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