Flowserve (FLS) Mighty Impressive Earnings

We’ve danced around this kinda, sorta global infrastructure play for the past year but never devoted an entry to it. Based on these sort of earnings from last evening, it is time to begin taking a more serious look. Granted, when the “global growth” stocks sell off (with oil) this just goes down with the rest so it would not really provide any non correlation with many other parts of the portfolio but it’s quite a story. While sales were “only” up a quarter, profits doubled - that’s quite a feat. F…
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  31 July, 2008| Fundamental Analysis | @ 5:00

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