1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (6445) 

Baron Funds Comments on Forum Energy Technologies

August 23, 2012 | About:

From Baron Funds' second quarter commentary:

Forum Energy Technologies, Inc. (NYSE: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)


Please leave your comment:

GuruFocus Mobile App

User Generated Screeners

DBrizanquality investing
jamlessFast Div Grow
info52-week low/high
infoDownward movers
cspunarDividend Aristocrats Chris
infoFast growers
FrancogueMy Screnner 2
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)