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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.

    ReplyDelete
    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.

    ReplyDelete
    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