I also believe they will beat estimates by a large margin. With 9% short and a very low float, we could see a rapid move to the $16 range. Both short and long term prospects for FTK look excellent. I have to complement management with their emphasis on long term strategic planning vs. the short term profit mentality of most US companies. FTK has positioned themselves to take maximum advantage of the American energy boom while constantly improving their financial position. I will be holding my position and looking to add on any pullbacks. Late.
CEO said business was doing fine in their last presentation. But don't forget 4Q has always holidays and cold weather and that 1Q is usually weak. If there is a strong beat, I'll be surprised given this is not the best season. Their forward guidance will be more important than today's numbers.
yea, not many followers for a stock approaching 52 week highs with earnings out tomorrow, they are after the close right? are others planning to take some profits if we get a good beat and a price well into 15s or 16s? I have been waiting for it to push higher on good earnings news and then sell some high priced calls ~17.50s.