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Flotek Industries (FTK +9%) jumps after Global Hunter initiates coverage of the shares with a...

Flotek Industries (FTK +9%) jumps after Global Hunter initiates coverage of the shares with a Buy, calling the stock "overlooked, undervalued, and under-appreciated." The firm says the oilfield services company generates solid free cash flow, and is positioned to benefit from substantial global growth opportunities.
Comments (3)
  • Mike Maher
    , contributor
    Comments (2499) | Send Message
     
    Upgraded after its doubled this year, and was trading under 5 two months ago?
    2 Dec 2011, 10:54 AM Reply Like
  • dacama1
    , contributor
    Comments (215) | Send Message
     
    Mike,

     

    Your point?
    2 Dec 2011, 11:01 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2499) | Send Message
     
    That the stock was much more "undervalued and under appreciated" before the 100% gain in shares in the last 60 days. I think $10 is more likely to be a top than it is to be a buying opportunity.
    2 Dec 2011, 11:21 AM Reply Like
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