| Business Summary | | Western
Water
Company
identifies,
manages,
acquires,
develops,
sells
and
leases
water
and
water
rights
in
the
western
United
States.
Prior
to
2000,
the
Company
had
been
developing
this
business
through
the
acquisition
of
water
rights
and
other
interests
in
water,
the
purchase
of
real
estate
for
the
water
rights
associated
with
such
real
estate
and
the
sale
or
lease
of
water.
The
Company,
directly
and
indirectly,
owns
a
diverse
portfolio
of
water
rights,
as
well
as
real
estate,
in
California
and
in
the
Cherry
Creek
basin
of
Colorado.
During
the
fiscal
year
ended
March
31,
2001,
Western
Water
sold
certain
of
its
assets,
but
decided
not
to
engage
in
the
liquidation
or
sale
of
the
Company.
The
Company
also
sought
to
sell
certain
of
its
non-strategic
assets
to
support
the
development
of
its
primary
water
wholesaling
business,
in
light
of
its
revised
business
plan. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Western
Water
Company
identifies,
acquires,
develops,
sells
and
leases
water
and
water
rights
in
the
western
United
States.
For
the
three
months
ended
6/30/01,
revenues
rose
less
than
1%
to
$452
thousand.
Net
loss
before
accounting
change
applicable
to
Common
increased
less
than
1%
to
$1.1
million.
Revenues
reflect
increased
revenues
from
the
lease
of
water
rights.
Higher
loss
reflects
lower
gross
margins
and
increased
preferred
stock
dividends. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Michael George, 51 Chairman,
Pres, CEO | $575K | William Gochnauer, 54 CFO,
Sr. VP | 124K | James Sherman, 45 COO,
Exec. VP, Sec. | 240K | Dollar amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|