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Flotek (FTK) is down 10% after announcing in-line guidance for full-year 2011. Gross margins...

Flotek (FTK) is down 10% after announcing in-line guidance for full-year 2011. Gross margins expanded to 42% from 37% in 2010. Operating income as a percentage of revenue for Q4 is expected to exceed 20%. Flotek decreased its debt by 50% in 2011. Might be a good buying opportunity on the dip; Flotek will be presenting today at Independent Petroleum Association of America Florida Oil & Gas Symposium. (submitted by Michael Filloon)
Comments (1)
  • bot some FTK today
    2 Feb 2012, 09:49 PM Reply Like
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