This post is part of a special report, A Dozen Ways to Play an Obama Building Boom.

"Stocks in the water sector could soon flood their shareholders with a deluge of profits," says value investor Nathan Slaughter. In his Half -Priced Stocks, he explains, "Even in the 21st century, UNICEF reports that a staggering 1.1 billion in emerging markets still lack access to safe drinking water.

"And here in the U.S., the EPA has said we need to spend $275 billion to replace aging facilities -- including 800,000 miles of leaky, corroded pipeline that haven't been upgraded since the 1800's in some places.

"We see an incredible opportunities for the companies trying to combat the problem, particularly those involved with water distribution pipes, treatment facilities, purification technologies and other critical infrastructure.

"My top play in the sector is Veolia Environnement (NYSE: VE), a global juggernaut with $45 billion in annual revenues, operating on every continent.

"From humble origins supplying water to Parisians over 150 years ago, Veolia has grown to become the world's largest water utility. Today, it provides water and sewerage services to 130 million people in nearly 60 countries worldwide.

Continue reading Veolia (NYSE: VE): Infrastructure spending in water sector

Veolia (NYSE: VE): Infrastructure spending in water sector originally appeared on BloggingStocks on Sun, 21 Dec 2008 10:00:00 EST. Please see our terms for use of feeds.