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Scott Wachsler
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I manage Wax, a baseline equity research company comprised of individual investors not licensed or registered with any government agency. I have been all cap value investor and independent equity researcher for the past 30 years, and believe that patience is the key to successful... More
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Wax Ink
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Wax Ink
  • FMC Technologies - Value Alert 0 comments
    Sep 20, 2013 5:13 AM | about stocks: FTI

    Texas (September 20, 2013) Wax Ink has issued a Negative Investment Interest opinion for FMC Technologies (NYSE: FTI) based on a recent baseline equity review which placed fair value between $31-$38.

    The recent close of $57.15 is approximately 209% above the fair value buy target for the stock and approximately 50% above the fair value close target for the stock. The recent close is also 11% below analysts' twelve-month $64.00 median price target for the stock.

    The recent close represents an 18% increase in the one year price of the stock, while year-over-year sales increased 21%, year-over-year earnings decreased 10%, and year-over-year debt increased 166%.

    The stock currently has a trailing twelve-month PE Ratio of 25, and a PEG Ratio of 1.2 basis estimated forward earnings growth of 20.5%.

    In the past 52 weeks, share prices have moved between a high of $59.27 and a low of $39.25, placing equilibrium at $53.49.

    With the recent close, the stock is trading 4% below the 52 week high, 31% above the 52 week low, and 6% above equilibrium.

    The three-month average daily trading volume for the stock is approximately 1.4 million shares.

    FMC Technologies provides technology solutions for the energy industry worldwide through its Subsea Technologies segment and its Surface Technologies segment.

    The company's listed competitors include Aker Solutions ASA, Cameron International Corporation,and GE Oil and Gas.

    Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.

    All prices are per share unless otherwise noted.

    Wax Ink currently has no investment position in any company mentioned in this alert.

    For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.

    Copyright © 2013 Wax Ink

    Wax Ink is a baseline equity research company not licensed or registered with any government agency

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: FTI
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