Bloomberg Markets: Dave Wilson's Stock of the Day for Oct. 17
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Bloomberg Markets with Carol Massar and Cory Johnson.\u0010\u0010GUEST:\u0010David Wilson\u0010Stocks Editor\u0010Bloomberg News\u0010Discussing his "Stock of the Day" Badger Meter (BMI). Badger Meter Inc.'s shares are headed for their biggest one-day drop since 2008 after third-quarter results were disappointing. Earnings at the maker of water meters and other fluid-handling equipment trailed the average analyst estimate in a Bloomberg survey by the most in 3 1/2 years. Revenue also failed to meet projections. Badger Meter cited delays in several municipal water projects, along with higher brass costs.
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