SJW Corp.’s stock price sold off hard enough to attract some new interest. The stock received an upgrade from Brean Murray, an investment banking firm, which noted: “Falling from a recent high of $43 set in March 2007, the shares now stand almost 30% below that level. Volatility is nothing new to SJW Corp. shares, but the recent swing downward on an absence of negative news beyond weather is surprising. I consider SJW Corp. a solid and well-run business model…”

Dry weather forces SJW Corp. to purchase more water, instead of relying on its own supply in the Santa Cruz Mountains and elsewhere, which is more expensive. Still, SJW Corp. is not just an ordinary water utility. It has significant real estate operations, which add greatly to the value created in the business over time.

It is close to the 300 day moving average so if this is a good company then everytime it gets near the 300 DMA then buuy it for the long haul.