It's great to have a solid core business that can pay the bills in the bad times, and that's how I look at Chart Industries' (GTLS) core industrial gas business. It's never going to be an exciting growth business, but it can do more than just keep the lights on. Meanwhile, this company also has attractive leverage to large-scale LNG projects and the future growth of alternative fuels like hydrogen. I also applaud management for restructuring the business more in keeping with its long-term core focus.
I liked Chart Industries back in April, and the shares have come close to doubling since then (they actually did double, but have come back a bit since). Although I do think the more energy-exposed parts of the business will need some time to recover, the LNG business remains attractive over the long term, and the company has done well on costs. Despite the sizable move in the share price, I do still see some upside here.
Read the full article here:
Chart Industries Seeing Stable Industrial Trends, With Long-Term LNG Upside
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