Airgas: On the Rise
We believe that Airgas (ARG; recent price, 59) will continue to experience improved results due to above-average sales growth resulting from the company's leading market share of the U.S. gas distribution market, as well as continued demand from customers in energy, infrastructure, medical, and other markets. In addition, we think Airgas will continue to consolidate, and expect targeted acquisitions in the U.S. and internationally to help boost both revenue and earnings. We also believe Airgas, with more than 800,000 customers, will continue to experience growth despite a slowing economy, due to its fairly broad and diversified revenue base and its exposure to growing end markets, including the energy, infrastructure, and medical industries.
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