Praxair Inc (PX) is the world’s second largest supplier of industrial gases.
It produces atmospheric, process and specialty gases used to enhance performance applications in the metal fabrication, primary metal, chemical, healthcare, electronic, glass, pulp, paper and environmental industries. PX has grown its earnings and dividends at a 11-15% pace annually for the last 10 years and earns a return on equity of approximately 20%. The company suffered both lower volumes and currency difficulties in the recent economic malaise; however, earnings should rebound as a result of:
