Wed, Jul 30, 2014, 6:37 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

Flowserve Corp. Message Board

  • egnu5 egnu5 Nov 5, 2010 5:48 PM Flag

    The poor shorts

    My heart goes out to those poor shorts who jumped on the momentum band wagon and got their hats handed to them today. My suggestion is to pick another company! Just because the stock is trading in the triple digits does not make it over-priced. The company beat expectations and gave improved guidance. There still are some companies in this world that you can buy and hold and I firmly believe this is one of them. I am happy to be long this stock and will continue to hold through the peaks and troughs. I would not be surprised to see the 120's before year end.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • FLS always goes down day after earning . and then the lift off begins...
      the best play is to sell in the morning of earning and then buy back a day after .. never missed .

      • 1 Reply to reachsean
      • Flowserve could trade 25% higher by this time next year, reports
        Flowserve's (FLS) Q3 results proved to be disappointing two weeks ago, sending the shares 11% lower and slicing nearly $700M off its market cap. However, the bulls insist that Flowserve, whose rivals include ITT (ITT), Crane (CR) and Swiss manufacturer Sulzer, is poised for a recovery next year. It's a company with a good business model, exposure to the right markets globally, and a management team that's executing on its strategy. The bulls see a stock that's gotten cheap, at 13x 2011 results. Consensus estimates call for profit to rise 18% from 2010 expectations. Amid expectations of a sales expansion in 2011, those bulls say the stock could trade 25% higher by this time next year. Reference Link

75.75-0.10(-0.13%)Jul 30 4:07 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.