2024-07-16 18:55:08 ET
Summary
- Chart Industries made an acquisition, causing the stock to plummet.
- The market placed little value on the long lead times that led to a very visible earnings forecast.
- Clearly, the market never expected management to execute as planned despite a long history of successful acquisitions.
- The market still struggles to believe management's guidance for adjusted earnings to more than double from the previous year.
- This stock is likely on its way to returning to a historical valuation of a price-earnings ratio in the 30s.
Read the full article on Seeking Alpha
For further details see:
Chart Industries: When Analysts Decide Management Is Right