What if there was an industrial trend so powerful it transcended concern over the Fed’s inaction? Look no further than the business of air, Cramer said. Companies that manufacture and package air and specialty gases are silently booming while the majority of the rest of the vast industrial complex falters.
The leader of the pack, Airgas CEO Peter McCausland, told Cramer on Monday that bull market in air should continue in tandem with the surges in energy, minerals, infrastructure and agriculture. Even if other markets slow, McCausland remained positive that Airgas would continue to grow organically and through acquisitions (the company has made an astounding 370 acquisitions since it began 26 years ago).
But ARG still needs to play catch up, Cramer noted. The company is growing faster than its competition but its multiple is still the same. McCausland said pricing power, thanks in part to high energy costs, should help the stock make up for lost time.
Cramer had drawn attention to this industry – and Airgas in particular – weeks ago and he’s not backing down just yet. Homegamers have a chance to buy ARG down 8%. He would take it.
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