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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (50897)	2/14/2013 11:03:51 PM
From: Spekulatius	1 Recommendation Respond to of 78768

Re Linde AG - I don't think the engineering division is a reason to buy Linde, it is too small in terms of profit share and it's result are more lumpy than the more steady Eddie gas business. While I like Linde, I don't think it's a good value right now at 18x earnings. If you are willing to pay that multiple, why not by KO at 18x earnings, better balance sheet, less cyclical, better dividend , better FCF and most likely better LT organic growth prospects, if you even out the boom and bust periods. I think in the current market, one could to a whole lot worse than buying KO at 36.XX$.