Thursday, January 22, 2015

Praxair Is My Favorite Play In The Industrial Gases Sector

Recently I searched the CCC list and Westlake Chemical Corp. (NYSE:WLK) popped up on one of my screens. My own, self-made Excel application directly lists all the competitors in the particular industry (Chemical-Specialty), ranked by market cap. Praxair (NYSE:PX), an industrial gases company, was the biggest with a market cap of $38 billion, yet somehow I never heard of the company. However, just by looking at the company overview, I could see that this company could be a potential add-on to my dividend growth portfolio. 

There has only been one in-depth article on Seeking Alpha last year about this industry leader. So I decided to do a write-up of the company. Check out my new article on Seeking Alpha and let me know what you think.
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9 comments:

  1. My Dividend PipelineJanuary 24, 2015 at 4:17 PM

    DD,

    Great writeup on PX. This company has been and continues to be on my radar. I usually opt for higher yielders, but I really like the long term prospects for this company.

    Have a great weekend!

    MDP

    ReplyDelete
    Replies
    1. A Dividend DreamFebruary 9, 2015 at 9:23 PM

      Hi MDP, my apologies for a delayed reply but thanks for your word. High yielders are obviously great for income now but companies like PX will provide a growing income in the future.

      Delete
  2. DivHutJanuary 26, 2015 at 1:34 AM

    I have looked at PX for many years and just never pulled the trigger on it. I went with APD instead and that has worked out well. PX is on my watch list though and seems well valued at current prices. Thanks for sharing this analysis.

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    Replies
    1. A Dividend DreamFebruary 9, 2015 at 9:24 PM

      Hi Keith, my apologies for a delayed reply. APD was indeed a fine investment (not as good as Airgas or PX however ;) I wish you well with your holdings!

      Delete
  3. ANHAFebruary 1, 2015 at 12:21 PM

    Haven't yet looked into the chemicals business.
    Thank you for bringing these up!
    cheers!

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    Replies
    1. A Dividend DreamFebruary 9, 2015 at 9:24 PM

      Hi ANHA, my apologies for a delayed reply. I hope you learned something useful. Good luck!

      Delete
  4. Martin @ hellosuckers.netFebruary 7, 2015 at 5:58 AM

    I didn't know those companies either, so I checked them up too. Both are not meeting my dividend investing criteria. So I would skip them. PX has a good dividend history, but WLK looks weird (only 1 year dividend increase) and 1% yield... Not for me.

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    Replies
    1. A Dividend DreamFebruary 9, 2015 at 9:26 PM

      Hi Martin, thanks for taking to time to leave a comment. The article is obviously about PX and not about WLK. I definitely agree that WLK is not suited for inclusion in a DG portfolio.

      Delete
  5. UnknownAugust 26, 2015 at 1:22 PM

    As a beginner, I would really use this while trading as will give benefit using intraday SGX signals in trading.

    ReplyDelete

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