Frank's Continues to Successfully Implement Strategy to Weather Deep-Water Downturn
We are maintaining our fair value estimate of $8 per share for Frank’s International after reviewing recent developments affecting the company. Management has continued to successfully execute its three-part strategy: maintaining dominant share in traditional deep-water markets, increasing share in historically underrepresented markets, and branching out into well construction product lines other than casing services.In its deep-water end markets, which traditionally have carried the highest ma...
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