FLS - Despite A Possible Debt Downgrade Flowserve's Stock May Still Be Undervalued
Editor's note: Seeking Alpha is proud to welcome William Maxwell as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to the SA PRO archive. Click here to find out more »
Flowserve's (FLS) stock has been in decline in recent years and currently sits at around $40 as compared to its five-year high of more than $81. Revenues have also trended downwards, reducing from $4.95 Billion in 2013 to $3.66 billion at the end of 2017.