Forum Energy Technologies, Inc. (FET, Financial) is an oilfield service and equipment manufacturer. The company has had mixed results this year. It has been successful in acquiring several key businesses that will further its long-term growth and competitive position; however, due to the weakness in U.S. drilling and completion markets, its earnings have failed to meet expectations. The company has taken positive steps to lower costs and its earnings outlook has stabilized.
From Ron Baron's Baron Funds third quarter 2013 commentary.
From Ron Baron's Baron Funds third quarter 2013 commentary.
