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home / news releases / FLS - Flowserve Beats My Q4 Expectations But That Doesn't Mean I'm A Buyer

FLS - Flowserve Beats My Q4 Expectations But That Doesn't Mean I'm A Buyer

Flowserve Corporation
  • Flowserve reported Q4 results at the higher end of my expectations, and the full-year FCF came in at $1.67/share.
  • Due to the late-cycle nature of the business, 2021 will likely not be better than 2020.
  • This makes 2021 a 'positioning year': I think we will get opportunities to pick up stock at lower levels.
  • I plan to continue to write put options with a strike price of around $30 in the foreseeable future.

For further details see:

Flowserve Beats My Q4 Expectations, But That Doesn't Mean I'm A Buyer
Stock Information
Company Name: Flowserve Corporation
Stock Symbol: FLS
Market: NYSE
Website: flowserve.com
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