Life has been interesting for Flowserve
That said, Wall Street is a pretty forgiving place if people think you'll make them money again. We've seen a pretty healthy environment for all manner of industrial stocks -- even with recent pullbacks, it's been a pretty decent year for the likes of Eaton
The question that strikes me now, though, is whether Flowserve has seen its due in the market. Remember, this company just recently filed its 10-K for 2005, so things aren't exactly "normal" yet. What's more, you can credibly ask whether Flowserve's recent troubles have given rivals like Roper
If today's update is a fair indication, things aren't so bad. All we got today were numbers pertaining to bookings, and 29% organic growth at that, but then, this stock has been trading off little more than bookings for a while now. Are margins improving? Are returns good enough? The results for 2005 do show progress, but investing today requires a little more trust than usual that the business really is continuing to improve. Personally, I'm not keen on mixing investing with leaps of faith.
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Fool contributor Stephen Simpson has no financial interest in any stocks mentioned (that means he's neither long nor short the shares).
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