Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition
Key Points Cactus’s acquisition of Flexsteel is progressing better-than-expected.The company raised guidance and authorized a substantial share repurchase program.Analysts and institutions put a bottom in the stock and the rebound is on.5 stocks we like better than Baker HughesCactus (NYSE:WHD) expected the acquisition of Flexsteel to be accretive in the first year, and the execs were more than right. The Q1 results were good enough but came with solid guidance for Q2, which is now improved. The company issued a new investor presentation outlining the company’s progress, and the progress is go...