Itron (ITRI) is looking interesting in the "utility meter theme" space, but I don't like its debt load and I think that is what is weighing this stock down (relative to Badger Meter). Operating margins are weak in this sector and these companies/stocks always feel expensive. That having been said, you would be getting ITRI at more than 50% off, and when things recover, it will fly again. Need to go and look at their debt maturity schedule to see what calls they have on their cash flows. Market is factoring is positive revenue and earnings growth for this year and next year (could be a little optimistic and a little sticky in revising down).
Disclaimer: No position in this stock personally or professionally.
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