FMC Shares Priced For Perfection - Barron's

FMC Technologies (FTI) is the leading provider of sophisticated sub-sea systems for deep-water drilling. Shares have more than doubled over the past year amid strong earnings growth (30%/year over five years) and market-share gains (now more than 40%). Blowout Q1 earnings and heavy-handed stock repurchases have further enhanced Wall Street's appetite for the stock.

All the same, Barron's Sandra Ward thinks shares are "priced for perfection -- and perfection probably isn't something you want to bet on in the stock market."<!----> Lehman's James Crandell agrees: "It's the most fully valued of any stock I cover." FTI fetches more than twice the premium of top oil-services company Schlumberger (SLB).