World Fuel Services Corporation (INT) has a long history of earnings growth of more than 15% per annum. Since the 2008 recession that reduced its share price significantly by historical standards, the company’s stock price has been steadily on the rise. Indeed, much of the company’s run-up from a low of just under $7 per share to its current $47-plus share price can be attributed to a reversion to the mean, back to historically normal valuations.
Additionally, part of World Fuel Service Corporation’s momentum can be attributed to its popularity as a mid-cap growth stock, a classic example of which can be found in a recent Barron’s article covering the co-managers of the FBR Focus Fund. This article examines whether World Fuel Service Corporation should be considered as an attractive mid-cap growth opportunity.
