Linde (LIN)

[winston]

not vested

EVEN IF INDUSTRY SHUTS DOWN, THIS COMPANY STILL HAS A MARKET

Today's company shows us why diversification can be so important...

When the world changes, people's preferences and needs often change with it. We've seen that dramatically during the COVID-19 lockdowns, which have punished many companies while rewarding others.

The most diversified companies, though, always have some products and services that folks need. Take a look at this industrial-gas business...

Linde (LIN) is a $120 billion supplier of industrial gases and related equipment. Its gases are valuable to chemical refiners, electronics manufacturers, and various other industrial companies.

But it's also a leading provider of oxygen for hospitals and home care – just what many coronavirus patients need today.

The company's Lincare subsidiary has more than 2,000 clinicians who can help COVID-19 patients breathe at home... freeing up space in hospitals.

LIN shares have roughly doubled over the past five years, and they just hit a new all-time high. When a company sells enough different products, it's well-positioned to succeed no matter what the world brings...

Source: Daily Wealth