|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Baron Funds Comments on Forum Energy Technologies
Posted by: guruhl (IP Logged)
Date: August 23, 2012 03:03PM
From Baron Funds' second quarter commentary:
Forum Energy Technologies, Inc. (FET) is a global oilfield products company that recently went public. It operates a diversified group of businesses focused on several secular growth sectors (subsea, non-traditional drilling) with emphasis on consumables and aftermarket products. We believe the management team is top notch, with significant experience in building and growing successful oilfield companies in the past.We think that the existing business can grow double digits organically, benefitting from positive trends in its niche markets and through international expansion of its product lines. Additionally, we expect the management to augment growth through strategic and accretive acquisitions. Forum is trading at an attractive valuation both absolutely and relative to its larger competitors since it is not yet well known.We believe it could ultimately trade at a premium.
Guru Discussed: Ron Baron: Current Portfolio, Stock Picks
Stocks Discussed: FET,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.