Pico Holdings to search for more water rights.(PUBLIC COMPANIES)(market for water development )(Brief article)

San Diego Business Journal | March 12, 2007| | Copyright

Pico Shares Take A Bath: Pico Holdings Inc. was among the local public companies whose shares took a plunge last month in what analysts said was a natural correction in the market.

The San Diego-based holding company has two subsidiaries, one that holds water rights and another for mining operations.

It's the unit for water rights that has gained a lot of attention in recent years as development in the West has run apace, especially in two states where the rights are located, Arizona and Nevada.

Beginning in January, shares rose by about $10 to ...

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