Few months ago I reviewed SPX Flow (FLOW) which provides machinery and equipment for industrial companies. The company reported weak results on its last report and combined with the declining oil price it pushed the stock to as low as $15.7 today.
Despite the low oil price and the pressure it creates on FLOW’s operations in this field, I still think the company can continue doing well on the food and industrial sectors. My predictions yield a target price between $25-$30, depending on the oil price behavior in the future. I’m not a good market timer, so the stock can obviously continue its drop (especially if oil price continue to fall), but below $16 FLOW seems to be extremely undervalued so I add it to the recommended spinoff list.
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