These firms believe that FLS is a well organized, managed, and focused company, well positioned to hold market share gains when the next cycle of capital spending revives completely. Based on the Company’s financial strength and solid reputation for products and services, the firms contend that the Company is comfortably positioned to gain market share by capitalizing on select opportunities. The margins are expected to remain strong in the fourth quarter of 2010 due to an increased mix of aftermarket sales, reduced restructuring costs and greater cost savings from the restructuring actions. Furthermore, as management accelerates QRC (Quick Response Centers) build, the firms believe it will likely enhance sales. According to the firms, these factors should allow FLS to continue to navigate the difficult environment and deliver earnings out-performance versus its peers.
| |