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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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Equity Bottom-Up

Forum Energy Technologies  / Equity Bottom-Up

<ul><li>FET’s confident free cash flow outlook in FY25 positions the company to consider returning cash to shareholders through an existing share repurchase authorization in 2025.</li><li>In December 2024, FET’s Board of Directors authorized a share repurchase program of up to $75 million.</li><li>The senior secured bonds (due 2029) issued in November 2024 allow repurchases after FET meets a defined leverage test. </li></ul>

FET’s confident free cash flow outlook in FY25 positions the company to consider returning cash to shareholders through an existing share repurchase authorization in 2025.In December 2024, FET’s Board of Directors authorized a share repurchase program of up to $75 million.The senior secured bonds (due 2029) issued in November 2024 allow repurchases after FET meets a defined leverage test. 

Forum Energy Technologies, Inc: Confident Free Cash Flow Outlook