I sold SPX Flow (FLOW) near the opening at $24.6 for a profit of 56.6%.
The revenue decline of 20.8% compared to the three months a year ago and the shrink in profits suggests that things will get worse before it gets better. Including the recent decline in earnings, FLOW trade at EV/EBITDA of around 13.5 which is not cheap compared to it’s competitors. I prefer to sell the stock.
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