he stated loosing the moment he opened his trap .... ka duh ... the village idiot
btw am in o mood to pay taxes core postion since 2010
retail traders ... whatever ....duh
was that 50 or 100 shares big boy...
ub pocket change
please bend over ... we can't hear you btw long since 2010 :) chelsea
Flotek Industries (NYSE: FTK) operates in the basic-materials sector, which has lagged other sectors' performance over the past few weeks. However, this stock is one of the better-positioned names within the sector and is primed for new highs when the market cycles back in materials' favor.
The catalyst for its strength was an earnings beat, which attracted nearly five times the usual trading volume in buyers. The company sees itself as an "oilfield technology leader," highlighting the key area of its recent success although debt reduction has also been key in stabilizing the company.
Flotek Industries gained market share in the drilling-products segment (chemicals and logistics), although post-Thanksgiving there was a drop in activity for this division; it will be important this doesn't continue into Q1 of 2013 as chemicals contributed a 30% year-on-year increase in revenue for Q4 2012.
North America has been the stalwart revenue earner for the company, but a signed letter of intent with Gulf Energy of Oman to construct a specialty oilfield chemical-production-and-distribution facility, intended to serve the Middle East and North Africa, will be interesting if it comes to fruition. However, Flotek's existing international projects, such as in Argentina, don't have the clout to match its North American operations.
The company has seen consistent improvement in beating estimates, not just for the recent quarter, but over the past five years in turning a net loss into a net profit. The income statement for the past couple of years has offered a level of consistency which Flotek could only dream of during the worst of the economic crisis.
The $86 million rise in revenue over the five years only cost an extra $21 million in regular expenses, but there was also a $5 million saving in interest expense for the same period. There were also fewer sticker-shock expense surprises, as was common over the 2008 to 2010 period. This improved stability gives it a sound basis to continue its turnaround success.
Mr. C deserves it was voted CEO of the year. FTK firing on all cylinders. trading around long term core position
buy the dips n' visa versa