First Eagle Global Value Fund Comments on Flowserve

Guru stock highlight

Oct 24, 2019

Texas-based Flowserve (FLS, Financial), which produces and services pumps, seals and valves flow-control products, derives a large share of its revenues from energy-related end markets and traded lower with the decline in oil prices during the quarter.

From the First Eagle Global Value Fund's third-quarter 2019 shareholder letter.

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