Flowtech Fluidpower – 2022 results and CEO change, still a Buy
By HotStockRockets | Saturday 15 April 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Flowtech Fluidpower (FLO) has announced its results for the 2022 calendar year and that “with global supply chains now more consistent, we can reduce inventories to match our needs and return to generating strong cashflows to support our investment activities, whilst exploiting our new digital capabilities”. That sounds encouraging, so what’s the company’s current position?
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