FTSI - FTS International: Pumping Less Profits Still Enough Profits
FTS International (FTSI) reported preliminary fourth-quarter results which were welcomed by investors after expectations for the operational performance have been truly depressed. I have long been attracted to FTS following its IPO and while the dip-buying might have been ill-timed and too early, I am still happy to hold onto a substantial long position which I have averaged down to $10.
This comes as the earnings yield remains compelling, potentially translating into even greater cash flow power in case oil prices might really show a recovery from here.
Soft End to 2018
FTS