Companies You’ve Never Heard Of: World Fuel Services (INT)
You may not have heard of World Fuel Services Corp (NYSE:INT), but you should hope they do their job well. Without it, the world economy literally would stop.
WFS distributes fuel across the world, most notably for commercial airlines and military aircraft. It also provides assistance in detailing flight plans and understanding weather reports to keep those WFS-fueled planes safe.
World Fuel Services also has a marine segment, which supplies commercial tankers and cruise ships with their fuel. On land, WFS gets gasoline to pumps across the U.S. It is a critical, yet unknown, part of the world’s infrastructure.
There are some near-term concerns around INT stock, which fell almost 14% in one day in October after earnings disappointed relative to analyst projections. But this still is a company in the Fortune 100, with critical importance to its customers. It’s not as if cruise ships — or F-16’s — can fill their tanks out of red cans, or switch suppliers at will. Once oil jitters settle, it seems likely that INT will benefit.