GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Baron Funds Comments on Forum Energy Technologies

August 23, 2012 | About:
Holly LaFon

Holly LaFon

257 followers
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.

Rating: 4.0/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK