JBL: A Market of Stocks

The energy grid had a blackout in the Northeast just a few years ago; the grid is an antiquated system that has to be updated. Itron will benefit from the upgrade mindset.

With a consensus EPS estimate of $2.00, ITRI trades at a forward multiple of 21.5. Estimates are for over 16% earnings growth in 2006, resulting in a very reasonable P/E-to-growth ratio of around 1.3.

Itron is the next generation that happens in every industry; it has outdated the old way of doing things. This is a great stock to own.

Remember, being poor is bad; staying that way is stupid.