Chandler Lutz

Air Products and Chemicals Doubles Dividends Almost Every 7 Years

Good article, and I do agree with you that the company at these levels is a little expensive. Also, you mostly just mention past results. I am wondering what would drive future results? Would it be international expansion, entering new markets or cutting costs? They also seem to be carrying a lot of debt on their balance sheet. If they run into trouble with a global economic slowdown (and chemical companies can be rather cyclical) are they going to be able to get financing and compete with other international giants such as Dow or DuPont? I haven't researched this company thoroughly enough to answer any of these questions, but it would be a must know when considering a possible future investment.