FEATURED STOCK OF THE WEEK (5/7/08): (click on symbol for chart from stockcharts.com).
GTLS -Chart Industries Inc (R=7, 36.79) (close 5/6/08)
High Growth Stocks (HGS) Industry: Oil & Gas - Mach Equip
Estimates: 2.41 for 2008; and 3.04 for 2009.
Short Interest: 2.9 days (Shortsqueeze.com) < 3-5 days, ok, attractive.
PE: 29.84 trailing and 12.24 forward vs 20.0 (HGS) for the industry vs 16 PE for S&P 500. Based on 5/6 closing price
Average Daily Volume: 550 K and 52 week high (and all time high): 42.59; PEG: 1.06 (<1.00 good number) but under 1.50 - ok
Insider Trading: slight selling; major Inst: buying Inst & MF ownership float 97 %; additional information @ Yahoo; 14.9 M float
RSI: 48.8 < 50 and a decent looking chart; recent low was 31.39 - (see stockcharts.com); (RSI over 70 can be overbought)
Support: 9/50 DMA: 38.33/36.41 with 32.50 SELL (mental stop – review at end of day)
Pull back buy: 34.05 ; Reported 0.51 earnings (1Q) vs 0.38 on 5/1 and .06 above estimates.
Calculation for Target (2008): 20.0 x 2.41 = 48.20 fair value (Conservative analyst opinion) 48.50 (3 buys on file and 2 holds)
Alternate Calculation for Target (2009): 20.0 x 3.04 = $60.
Profile: manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases. It operates in three segments: Energy & Chemicals (E&C), Distribution and Storage (D&S), and BioMedical.
Disclaimer and info: I have followed for a couple of years and been holding some to watch since last June and it has been on the shopping list for more than a year. It has recently reported and is now consolidating above support at $34 and hanging around the 50 DMA. It is in energy sector which is a sector leader in 2008 so far.