Barron's sees big upside for Furmanite


Furmanite (FRM), once a company "made up of 75 nearly autonomous service locations that operated regionally has been remade into a cohesive operation offering its services across the globe," Barron's says.

The provider of refinery and petrochemical plant inspection and maintenance services has little net debt, rising sales and operating income, and faces a more favorable environment now that customers are no longer deferring "routine maintenance to save on costs."

Ultimately, David Englander says the shares could rise 30%.

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