Praesidium Investment has a 5.2% stake in Flotek. Flotek is a smallish – billion dollar oil and gas company. It develops oilfield services and equipment from the oil, gas and mining industries.
Praesidium believes there’s a significant growth opportunity in Flotek’s Complex Nanofluid (CnF) suit of custom chemistry formulations. The key is to get the market to recognize this. The key to the CnF growth is FracMax (optimization analytical software). The thesis is to get get that the market to recognize the value of FracMax – the logical option is to organize a separate software business within Flotek
The full letter is here.
When it comes to finding future business champions, Warren Buffett and Charlie Munger have really excelled over the past seven decades. Q3 2021 hedge fund letters, conferences and more One could argue that these two individuals are some of the best growth investors of all time, thanks to their ability to spot companies like Coca-Cola Read More
Don’t forget – sign up for our free daily newsletter to stay in the activist investing know.