Chart Industries (GTLS) announced a large deal in May, one received with some scepticism by shareholders. The purchase of Air-X-Changers looks to take place at a fair multiple, certainly if tax and synergy benefits are accounted for, as investors apparently worry about the distraction from the rapidly emerging LNG opportunity. I must say that I am quite attracted to the LNG story and related potential earnings, as this potential in combination with a recent selloff means that the appeal is rapidly improving in my book.
Adding Industrial Air-X-Changers
Chart announced on May 9