Can someone please explain what the big selloff was all about?? The numbers, overall, did not seem that bad. record backlog, increased sales for most segments etc..Yes, there were an increase in operating income and lag in some other numbers, but did this really warrant the panic? I took it as a great time to buy options.. any other insight on this?
The Environmental New Network just ran a big article on coal conversions by the Chinese to SNG, with a mention of some big time american companies to facilitate the transfer (most likely Cummins and Chart), these are taking place all around China, a huge market for synthetic natural gas exists! Accumulating!
Source: Seeking Alpha
• Chart Industries (GTLS -6.2%) is downgraded to Neutral from Overweight with a reduced $105 price target (from $130) at Piper Jaffray following Q3 results that missed estimates.
• Management's tone on China seems to be shifting due to a lack of gas supply and corruption charges at PetroChina, a concern given recent momentum in Chinese orders; also operational problems unexpectedly drove margins lower for the second time in three quarters.
a stock to represent this
It had most of the business in stations
The business is growing at 100% a year or more
But other getting into the business is 1000% and a lot with more capital and less over head
So current business does not guarantee a large future