Why Cramer Likes Chart Industries
As avid “Mad Money” viewers know, Jim Cramer loves finding stocks that should be trading higher, but were dragged down by the overall market. On Monday, he highlighted Chart Industries.
Chart Industries makes storage tanks needed to transport liquefied nat gas, as well as the engine tanks for heavy-duty, nat gas-powered trucks. Lately, Cramer has been talking a lot about how the U.S. might be closer to using natural gas as a transportation fuel on a wide scale. After all, TravelCenters of America and Shell recently entered into an agreementto build a network of 200 nat gas fueling lanes in at least 100 TravelCenter gas stations along the U.S. Interstate Highway System.
Chart Industries’ stock didn’t really reflect the news, though. He thinks it should have popped even more.
With little recognition of the good news for nat gas and as the stock is being taken down by the overall market, Cramer thinks GTLS is a “classic bargain.”
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