World Fuel Services: Stabilization And Short Squeeze Save The Day [Seeking Alpha]
World Fuel Services Corporation (INT)
Last world fuel services corporation earnings: 4/30 04:21 pm
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US:NYSE Investor Relations:
ir.wfscorp.com
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Source: Seeking Alpha
Summary World Fuel Services was a long-term growth at a reasonable price play, thanks to nice bolt-on deals, combined with organic growth. A multi-year slump in the marine segment has put big pressure on the shares. While pressure on volumes might materialise in the future, valuations were absolute non-demanding before a short squeeze induced-move sent shares more than 30% higher. Hence I am maintaining a long position, but cut a portion of my position, feeling that the move was a bit of an overreaction. World Fuel Services ( INT ) has been a stock which I have been averaging down for a long time already and finally got rewarded in recent days. The company was long a favourite of mine as it typically reported very small, yet quite stable margins on a huge revenue base. Organic growth and bolt-on dealmaking made it a compelling growth at a reasonable price play. That somewhat changed after deals no longer contributed the same way as they did in the past, while the he
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