"The bull case argued for FTI is that its vertically integrated model, using its leasing arm to acquire low-cost, end-of-life engines as feedstock for its high-margin aerospace products business, creates a structural competitive advantage."

"The guest presented the bull case that FTI's new 'FTI Power' business can monetize end-of-life engines by converting them into gas turbines for data centers, tapping into a massive power shortage."

"The guest argued FTI deserves a higher valuation multiple, comparable to high-quality aerospace peers like Heico, due to its superior growth, margins, and return on capital."

"The guest argued the Muddy Waters short report's core claims - that FTI inflates margins via depreciation games and misrepresents module sales - were invalidated by subsequent audits and a forensic investigation."

"The discussion highlighted strong insider ownership and buying by FTI's management as a signal of conviction and alignment with shareholders."