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$6.02 -0.44 (-6.81%)
10/7/2008 4:04 PM

Flotek Industries, Inc. (FTK)

CAPS Rating:
*****

The Company is a global supplier of drilling and production related products and services to the energy and mining industries.

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Recs

8

Avatar DemonDoug (99.68) Submitted: 5/09/08 3:47 PM : Outperform Start Price: $17.57 FTK Score: 9.66

This stock has been beaten down recently due to their buying out a company called Teledrift. To finance the buyout, they used convertible notes at 22.75/share, and this has also increased their interest expense. Now, convertible notes can be deadly, a "last exit before bridge" kind of thing, because they allow the banks to short them to death with no risk. However, this company is continuing to grow their top and bottom lines, and with the need for oil and improved environmental technology, this company is well-positioned to profit from macroeconomic conditions and is poised for further growth.

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Avatar synergize (99.31) Submitted: 5/19/08 7:27 AM

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Recent earnings report 1Q 2008 Highlights vs. 1Q 2007 Highlights



-- 32.5% growth in Revenue


-- 21.8% increase in Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA")

-- 9.0% growth in Income from Operations



Technical Analysis:



Stochastics and MACD are rising. It stayed at or near 16 for the past few months. I think there is a potential bullish reversal considering the Oil and Gas industry is a very hot market.







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Avatar DemonDoug (99.68) Submitted: 5/19/08 2:10 PM

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I have no idea what stochastics and MACD are, but I do understand the idea of support levels, and it does seem like the 15-16 range is where support is for FTK nowadays.

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Avatar nuf2bdangrus (< 20) Submitted: 5/27/08 1:17 PM

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DD..looked like it was breaking out. Today they lowered guidance, which is a concern. 16 looks to be strong support, so I will hold at that level, but I don't have the nerve to average in given the reversal in energy that's coming that may take all energy stocks with it.

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