Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Earnings season is upon us, and over at Chart Industries
So what: And yet, a 10% bump in price seems kind of like chicken feed, when you consider that Chart just quintupled the amount of profits it earned in last year's first quarter.
Now what: Then again, maybe a lot of Chart's success was already baked into the stock price. Chart has doubled over the past year, after all, and gained 25% in just the past three months. The stock now sells for more than 53 times trailing earnings -- twice the price of rival Praxair
My advice: 10% isn't 500%, but it's better than losing money -- and that's precisely what Chart investors can expect to happen if they buy more at today's prices.
Want to chart the future of Chart Industries? Make it easy on yourself -- add the stock to your watchlist.