Chart Industries: Booming Business

Summary

  • Earnings per share are projected to increase about 50% in fiscal year 2023.
  • This disrupter generates a lot of cash flow currently, with promises of a lot more cash in the future.
  • Management has been diversifying away from the core large natural gas project business, which is cyclical.
  • The market is excited by the entrance of the company into a lot of green businesses and the marijuana processing business.
  • The stock price is probably a bit high for a very volatile stock.  Investors would be wise to consider waiting for a volatile downdraft to invest.
  • This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More »

Stationary engineer at work

nimis69

(Note: This was in the newsletter on October 30, 2022.)

Chart Industries (NYSE:GTLS) is growing every bit as fast as any high-tech company out there. But unlike the high-tech crowd, this company is generating earnings and cash flow from

I analyze oil and gas companies and related companies like Chart Industries in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here for a free two-week trial.

This article was written by

23.83K Followers

Long Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA.

He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: I am not an investment advisor, and this article is not meant to be a recommendation of the purchase or sale of stock. Investors are advised to review all company documents and press releases to see if the company fits their own investment qualifications.

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