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Water Infrastructure Finance Authority of Arizona, $205.1 million of water quality revenue bonds.
Its chief executive Alison Cooper said: "We are further sharpening our focus on quality revenue growth and have advanced the simplification of our portfolio.
Marilyn Cohen, who manages bond portfolios at Envision Capital in Los Angeles, recommended buying only general obligation bonds, which are backed by the municipality's taxing power, and "good quality revenue bonds for essential services like toll roads, water and sewer authorities and school districts".
More importantly, there's quality revenue in this type of business.
Cardillo likes MCI WorldCom for its quality revenue mix skewed toward data, the Internet and international telecommunications.
In a nutshell, he is reiterating what Bill Gurley noted in his excellent post about what constitutes high quality revenue.
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In 2009, quality magazines generated quality revenues.
Even as VCs value high-quality revenue, companies are still held to a minimum growth rate.
And that could turn into a quality new revenue stream.
This advantage depends on quality territorial revenue (Pecqueur 2001; Mollard 2001).
Under drought conditions, irrigation can be constrained by water resources availability, with consequent impacts on yield, quality and revenue.
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