Flowserve Corporation develops, manufactures, and sells precision-engineered flow control equipment, as well as provides a range of aftermarket equipment services. It operates in three divisions: Flowserve Pump, Flow Control, and Flow Solutions. The Flowserve Pump division offers engineered and industrial pumps and pump systems; submersible motors; replacement parts; and related equipment primarily to industrial markets. Its products include centrifugal pumps, positive displacement pumps, and specialty products and systems, such as hydraulic decoking systems, reactor recycle systems, and c
Flowserve Corporation develops, manufactures, and sells precision-engineered flow control equipment, as well as provides a range of aftermarket equipment services. It operates in three divisions: Flowserve Pump, Flow Control, and Flow Solutions. The Flowserve Pump division offers engineered and industrial pumps and pump systems; submersible motors; replacement parts; and related equipment primarily to industrial markets. Its products include centrifugal pumps, positive displacement pumps, and specialty products and systems, such as hydraulic decoking systems, reactor recycle systems, and c
Flowserve Corporation develops, manufactures, and sells precision-engineered flow control equipment, as well as provides a range of aftermarket equipment services. It operates in three divisions: Flowserve Pump, Flow Control, and Flow Solutions. The Flowserve Pump division offers engineered and industrial pumps and pump systems; submersible motors; replacement parts; and related equipment primarily to industrial markets. Its products include centrifugal pumps, positive displacement pumps, and specialty products and systems, such as hydraulic decoking systems, reactor recycle systems, and c
Since that column in October, Flowserve has gained more than 22.5%, while the S&P lost nearly 12%. Now the question is whether to let this winner ride or to take the money and run. For now, I think the answer i
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
Despite owning very few names, I continue to keep up with many companies monitoring their results, cash levels, commentary on order flow and if the "death of the entire globe" story is a bit overdone. It's a moot point talking about commodities or financials as they spin in their own universes but a company like Flowserve (FLS) which has been thrown into the "global growth" garbage pail is one name I am interested in for multiple reasons. (note: unrelenting bitter sarcasm ahead)
We owned this name for a short time and lost a little money despite the company raising guidance last time aroun...
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
Flowserve (FLS) is one of my favorite names but increasingly it is apparent that it might as well be called Flowserve Natural Gas orFlowserve Fertilizer. As we keep saying, to the hedge funds this is all 1 big stock - a swatch of 150-200 stocks are all the same. They all either go up, or down and there is no discerning in individual names. Despite raising guidance by $1.25 the stock has lost over a third of its value as a reward. Once more until fundamentals are rewarded, and you need to know more about the companies background than which hedge fund owns it, I find this market quite u...
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FLS
About Flowserve Corp.
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