Praxair is one of the few stocks the will survive any recession or
depression, just look at the 2001 recession. Furthermore, not many
people know this but Praxair is the major supplier of gasses for
everything in North America and Europe, including NASA, McDonalds, and
the healthcare industry. Also, lets not forget about Argon. The
economy may turn down, but the usage of gasses is not going to go
away. They have initiatives ready to go for clean coal with Obama, and
are poised as the world's leader in this position. This stock is a
bargain at anything below $65.00, as it was well over $100.00 and
split multiple times. Strong buy!
PX produces, sells and distributes atmospheric, process and specialty gases. It’s also a manufacturer of high-performance surface coatings for metals. The company’s advanced manufacturing segment designs and manufactures cryogenic and non-cryogenic gas supply systems for various manufacturing processes.
Back in February, the company wasn’t laying off workers or closing factories. And two quarters later, the stock is up around 18% and business is steadily improving.
The company recently took advantage of the lowest borrowing costs in four years and issued over $1 billion in corporate bonds.
On 8th April, 08, Industrial-gases specialist, Praxair Inc. (PX), announced its China subsidiary has secured a contract to supply oxygen to Beijing No. 3 Water Works, the company that will provide fresh drinking water for the Beijing Olympic Games, MarketWatch reported. Praxair also said that it’s in talks to supply the two other plants from Beijing Waterworks Group Co.