$VIE (-2.98%) . Veolia is a well-established supplier of drinking water, waste water and waste disposal.
Wiki: 'Veolia supplies 100 million people worldwide with drinking water, disposes of the wastewater of 71 million people and serves 40,000 industrial customers.
Why do I like this value?
(Drinking) water is a commodity that is becoming increasingly scarce. It needs to be produced, treated, distributed and disposed of so that it can be used by households and industry. It can hardly be organized decentrally (in contrast to utilities that sell energy/electricity) and is always needed regardless of the economic situation. In my view, it is therefore a non-cyclical, absolutely crisis-proof business model.
I find corporate profits, dividends and dividend growth attractive. I see the stock as a long-term investment.
