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Zacks' Bear Of The Day: Chart Industries

This is not a story about an Energy sector company that was the victim of last year's plunge in oil prices.

Rather, this $950 million global engineering company that specializes in equipment primarily used in processing and storage applications for liquefied natural gas and in the purification and storage of industrial gases for medical fields saw its profit decline beginning over 15 months ago.

I first chose Chart Industries (GTLS) for a Bear of the Day article in November of 2013 after the company's 3rd-quarter earnings report included a miss and guide lower, leaving investors and the stock completely out of fuel as shares dropped over 27% in the next three weeks from all-time highs near $130.

And I revisited the company as a Zacks #5 Rank Strong Sell in March of 2014 when the stock was still above $80. Here's the chart for Chart that tells the story of… Read More …