Global Investing Trade Alert

My theory that Veolia, a French water/sewerage firm, would be a haven in a downturn was wrong. VE cut its '08 cash flow forecasts because of a "clear slowdown" in waste management and lower water sales as global economies deteriorate. The stock was cut to add from buy by Dexia, and to reduce from add by Oddo, two French brokers. Sell VE.