IHS was recommended by Cabot Global Energy Investor at $112.34 in Investment Digest issue 725 dated August 22, 2012. FLS was recommended by Cabot Global Energy Investor at $127.42 in Investment Digest issue 726, dated September 5, 2012.
“IHS Inc. (IHS, $91) was sold today as it collapsed below our stop-loss limit of 103.25 after earnings missed expectations for third quarter 2012 and management lowered earnings guidance for fiscal year 2012.”
“Flowserve Corp. (FLS, $132) is holding up well as a key provider of valve control parts to the oil service business. However, with energy markets at higher downside risk levels, I’ve put FLS on hold. Immediate support is at its 50-day moving average at 128.25. Long-term support is at its 200-day at 115.73, and longer-term support is at its July 11 low of 109.05. Continue with a firm stop-loss limit at 109.05. HOLD.”
- Lou Gagliardi, Cabot Global Energy Investor, September 20, 2012