No, that is not what this means. Very many people still use wells, and the government cannot force them to switch to central water. That's not to mention the fact that the government can barely afford to operate the transmission/distribution system at its current size, and expanding the system would require significant new investments.
Well_mudda_take_sic, Your reply was very obviously posted by an idiot who cannot read. As clearly included in the disclosure for any literate person to see "The author has no business relationship with any company whose stock is mentioned in this article." Nice try though, moron.
For those who may be interested in objective details about where your water comes from, there are two in-depth articles about Consolidated Water Co. available free here: http://seekingalpha.com/article/3090656…
The articles at the same source that discuss issues like the Bahamas leak issues now require a subscription, which is very expensive since it is directed at Wall Street professionals, but the bottom line is that the leakage problems have been mostly resolved in the last year or two. So, it is false to say "Nearly a third of the water our government is paying for never makes it to consumers."
"Who owns consolidated water." The shareholders do, since it is a public company.
There are no subsidies ... this article discusses a debt that any Bahamian should be happy has been finally paid... unless of course you don't want anymore water, which is not produced for free. As also detailed in the older articles referenced above, the Bahamian government has had severe budget problems for years and they got even worse during the 2008-2010 Great Recession. So, the government was unable to pay for all of the water this company supplied to Bahamian citizens for years, yet the company still provided the water. So, again, it is good for Bahamians that the bad debts are being settled.
djohn1996 says...
I'm confused by "I doubt Bahamians in this situation will be able to recoup 100 pennies on the dollar." Are 100 pennies no longer equal to a dollar?
On Baha Mar ‘showed contempt to nation’
Posted 2 July 2015, 12:49 p.m. Suggest removal
djohn1996 says...
No, that is not what this means. Very many people still use wells, and the government cannot force them to switch to central water. That's not to mention the fact that the government can barely afford to operate the transmission/distribution system at its current size, and expanding the system would require significant new investments.
On Gov’t wipes $7m Water Corp debt
Posted 20 May 2015, 11:05 a.m. Suggest removal
djohn1996 says...
Well_mudda_take_sic, Your reply was very obviously posted by an idiot who cannot read. As clearly included in the disclosure for any literate person to see "The author has no business relationship with any company whose stock is mentioned in this article." Nice try though, moron.
On Gov’t wipes $7m Water Corp debt
Posted 14 May 2015, 8:48 p.m. Suggest removal
djohn1996 says...
For those who may be interested in objective details about where your water comes from, there are two in-depth articles about Consolidated Water Co. available free here: http://seekingalpha.com/article/3090656…
On Water Corp slashes receivables by 50%
Posted 14 May 2015, 7:21 p.m. Suggest removal
djohn1996 says...
There are two in-depth articles about Consolidated Water Co. available free here: http://seekingalpha.com/article/3090656…
To answer the questions that have been raised ...
The articles at the same source that discuss issues like the Bahamas leak issues now require a subscription, which is very expensive since it is directed at Wall Street professionals, but the bottom line is that the leakage problems have been mostly resolved in the last year or two. So, it is false to say "Nearly a third of the water our government is paying for never makes it to consumers."
"Who owns consolidated water." The shareholders do, since it is a public company.
There are no subsidies ... this article discusses a debt that any Bahamian should be happy has been finally paid... unless of course you don't want anymore water, which is not produced for free. As also detailed in the older articles referenced above, the Bahamian government has had severe budget problems for years and they got even worse during the 2008-2010 Great Recession. So, the government was unable to pay for all of the water this company supplied to Bahamian citizens for years, yet the company still provided the water. So, again, it is good for Bahamians that the bad debts are being settled.
On Gov’t wipes $7m Water Corp debt
Posted 14 May 2015, 7:15 p.m. Suggest removal