Furmanite Corp (NYSE:FRM)
The Company provides technical services, including leak sealing under pressure, on-site machining, valve testing and repair and other engineering products and services to electric power generating plants, petroleum refineries and other process industries.
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Insider buying.
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Furmanite's primary business is that they fix pipes and valves. Water, Sewer, Oil, Gas, Nuclear Cooling, etc. They are a small company with a global reach. Good balance sheet and getting better, income is down due to economic conditions. Management is doing nothing fancy, just building the company little be little.
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FRM provides services industry needs to keep old plants running--valve testing, leak repair, and the like.
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Maybe some down side, but upside potential is very good
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Solid growth record and services are almost recession proof. Financials are solid and management is conservative. I can find no reason why this company has underperformed the S&P in the last three months other than it is a small cap. Buy on dips and hold looking for at least $8 -10/share by year end.
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Repair of gas and oil lines will be needed and services will increase when oil and gas prices increases
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Strong service company. Has positive cash flow and P/E less than 15.
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It has positive cash flow already.
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I like Furmanite and I've seen their work first hand in the electrical utilities industry. What the company does is inject a liquid that stops leaks at valve bonnets. That said, Furmanite stock moves relative to oil and utility prices. Another factor that figures into Furmanite stock is hurricanes and tornadoes. Currently the stock price is up due to hurricane Ike. However, when things like the Pickens Plan or PHEV's cause the price of oil to droop, Furmanite stock will follow it down.
This is an excellent stock to buy during hurricane season, and sell shortly after hurricane season is over.
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FRM maintains and repairs energy generating facilities, our nation and the world's lifeline.
- Carol
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When a the pipes break at a refinery the plumber they call is this company FRM. They have bought out most of the competition this company is well run, no debt, and a money maker! Great future and a buy
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With the demand for oil and the need to fix old refineries, this company has huge potential for growth. A potential buyout condidate.
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Has made the reight organizational moves, now ready to grow.
Technical engineering for electrical plants should be in demand
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Undervalued stock. Expect big growth from these guys.
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GROWTH IN THE MAINTANCE INDUSTY AND OIL REFINERIES.
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Covers the globe better than The Wide World of Sports in profitable businesses.
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Technical services ,International,other than oil.
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Does anyone know if this Companies old ticker was XNR. Currious,
To see how it noes now on the NYSE
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