Synthetics Companies Look for Demand Recovery


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NYSE:PX / NYSE:TROX
02/25/2013 [ACCESSWIRE]

The ShinesRooms.com Provides Stock Research onPraxair Inc. and Tronox Inc.

New York City, New York -- Synthetics sector is struggling with high input costs, putting burden on companies’ margins. Praxair Inc. (NYSE: PX), one of the most prominent companies in the sector, reported dismal results and announced decline in net income and revenue. Tronox Inc. (NYSE: TROX) also reported disappointing results, despite producing its inputs internally. The sector is also going through a consolidation phase and is experiencing high level of Merger and Acquisition activities. Praxair already has made a number of purchases while Tronox is also contemplating buying assets to boost its operations. The sector is expected to see some recovery this year.

Access our free reports onPraxair Inc. and Tronox Inc.Traders can also connect to our Wall Street Trading Floor where our research desk and market pros are standing between 8:50 am to 4:15 pm ET at

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Praxair acquired NuCO2 Inc. for $1.1 billion. The deal is likely to be finalized in this quarter. The acquisition will help Praxair to boost its product portfolio. It will also help the company to gain a foothold in new markets. For fiscal 2013, this acquisition is expected to be slightly accretive. Praxair will derive synergistic benefits from the acquisition. Our free research report onPraxair Inc.can be downloaded upon registration at

http://www.ShinesRooms.com/PX0225013.pdf  

The company is growing organically as well as through acquisitions. It made quite a few acquisitions in the previous year including PortaGas and Acetylene Oxygen Company purchases. Praxair’s stock is up 1.5 percent so far this year, and it is expected to perform better in the future as the company draws synergies from these acquisitions. It also offers over 2 percent dividend yield which is an added bonus.Tronox Inc.free research is available today at

http://www.ShinesRooms.com/TROX022513.pdf

For its fourth quarter, the company reported its net income at $414 million, down from $420 million earned in the corresponding quarter of last year. Its revenue for the quarter stood at $2.8 billion, surpassing analysts’ estimates of $2.78 billion. Its full year earnings rose slightly from $5.45 per share to $5.61 per share. Overall, the company’s prospects look good and the stock is expected to make good progress in 2013.

 

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