Has been keeping a close eye on corporate profits/earnings the past few weeks.
As expected, earnings down "year over year" for Q4.
Believes companies are bullish on ability to grow earnings in 2024.
CPI number reported on Feb 14 came in as expected (still above 2% target number).
Recent market rally backed by lower inflation numbers & lower energy prices.
Expecting mild recession in 2023.
Largest industrial gas company.
Recession proof company.
Ability to grow earnings in double digits in past recession.
Diversified revenues (US and Canada).
Large array of clients from food supply to industrial use.
Well positioned to help industrial companies reduce carbon footprint (natural has and carbon capture).
Good investment for long term investors.