Chart looks like a bear flag to me. Most of my stocks have ugly charts too.

Last edited on: 07-22-2008 03:28 pm

Notice that the price hike occurring in august is due to operational cost increases for
the company. Hence the reason i could see a decline in the stocks value but not by that
much.

Earnings Preview- Air Products and Chemicals Inc-NYSE:APD

Company Name:Air Products and Chemicals Inc
Ticker::APD
Exchange: NYSE
Time Of Earnings: Morning Conference Call at 10 A.M.

Fundamentals: Air Products and Chemicals, Inc. serves technology, energy, industrial and
healthcare customers globally with a portfolio of products, services and solutions that
include atmospheric gases, process and specialty gases, performance materials, equipment
and services. The Company is a supplier of hydrogen and helium, and has built positions in
markets, such as semiconductor materials, refinery hydrogen, natural gas liquefaction, and
advanced coatings and adhesives. It has six business segments: Merchant Gases, Tonnage
Gases, Electronics and Performance Materials, Equipment and Energy, Healthcare and
Chemicals. In September 2007, FUJIFILM Holdings Corporation's subsidiary, FUJIFILM
Electronic Materials, acquired the OptiYield Positive Photoresist developer business of
the Company. In May 2008, it acquired Goar, Allison & Associates (GAA), Inc. In July 2008,
Ashland Inc. purchased the pressure-sensitive adhesive business and the atmospheric
emulsions business from the Company

Air Products- JPMorgan 3rd Annual Basics & Industrials Conference Notes

http://www.stockpickr.com/members/showforums/1/5177/

Sales Numbers- (http://www.airproducts.com/Invest/financialnews/current.htm)
1. Consolidated sales grew 14% driven by merchant and tonnage segments
2. merchant gases had 20% growth and stronger pricing and better volumes across all
regions
3. Tonnage Gases had 23% growth driven by plant start ups. Higher natural gas and raw
material prices have hurt growth.
4. electronic sales dropped due to lack of industry capital spending. There was a 6% less
spending on equipment sales
5. electronic sales increased 3%
6. Healthcare in U.S system was poor and caused decreased revenue

SEC Insider Filings-
1. 7/2/08- Acquired Large Amount of Shares (10 acquiring transactions total)
2. 5/20/08 - Selling occuring

Quarter to Quarter News-
1. July 1rst- Selling -Ashland Specialty Polymers & Adhesives, a business group of Ashland
Performance Materials, is a global leader in pressure sensitive and structural adhesives
for the packaging and converting, building and construction, and transportation
industries.Ashland Performance Materials, a division of Ashland Inc., is a worldwide
manufacturer and supplier of specialty chemicals and customized services to the building
and construction, packaging and converting, transportation, marine and metal casting
industries. It is a technology leader in metal casting consumables and design services;
unsaturated polyester and vinyl ester resins and gelcoats; and high-performance adhesives
and specialty resins.
2. Air Products Introduces XeCovery(SM) On-site Xenon Recovery System 1:42p ET July 15,
2008 (PR NewsWire) -Air Products (NYSE: APD) today introduced its new XeCovery(SM) on-site
xenon recovery service for the semiconductor and MEMS industries. Semiconductor
manufacturers faced with rising prices for xenon can now recover and reuse the crucial
gas, saving valuable time and money in the process.
3. Canadian Chemical Processing Industry Spending Remains Strong Despite $135 Million in
Canceled Projects, an Industrial Info News Alert- Some of the larger projects planned to
begin construction during the last months of this year are plans by Air Products and
Chemicals Incorporated (NYSE:APD) (Allentown, Pennsylvania) for a new 1,200-ton-per-day
air separation unit.
4. Air Products Introduces GASGUARD(R) Very High Flow System (VHF) for Specialty Gas
Delivery-Air Products (NYSE: APD) is pleased to introduce its new GASGUARD(R) Very High
Flow System (VHF) for bulk specialty gas delivery. The VHF is the latest offering from Air
Products' industry leading Bulk Specialty Gas Systems (BSGS). The new VHF can economically
deliver 1,000 standard liters per minute or more, contingent on service and application.
5.Top 10 CPI Spenders Plan More Than $6.3 Billion in Project Activity
The rising costs of crude oil and natural gas continue to make it difficult for the
Chemical Processing Industry to predict future supplies and market demand.The current top
10 CPI spenders include CF Industries (NYSE:CF), ADA-ES Incorporated (NASDAQ:ADES), Air
Products and Chemicals Incorporated (NYSE:APD), Terra Industries Incorporated (NYSE:TRA),
Dow Chemical Company (NYSE:DOW) and the Westlake Group (NYSE:WLK).
6.Diesel fuel, natural gas and power make up a substantial portion of the costs incurred
to produce and deliver industrial gases.
7.14th July 2008 – On Sunday 27th July, a large sizeable item of equipment is set to
leave Wrexham industrial estate, bound for Acrefair, North Wales.
8.Air Products (NYSE:APD) today announced that, effective August 1, 2008, it will be
increasing the prices for all Dabco silicone and non-silicone surfactants for the
polyurethane market by 7% in all regions of the world.

Notes on Quarter from 10-Q-
1. Great pricing power with gas business
2. ability to pass on costs to consumers
3. weakening of the U.S dollar is favorable for the company
4. High volume of sales of gas has been great for the company
5. I agree with the company here- Merchant Gases volumes should improve driven by new
applications and improved loading. The business will continue to implement pricing
increases to recover higher costs.
6. Tonnage Gases should benefit from new plants brought on-stream.
7.im mixed on this expectation- In Electronics and Performance Materials, results should
continue to improve from higher volumes and the benefits of product rationalization
efforts.
8. agree- Equipment and Energy results are expected to be lower from a decrease in LNG
activity and higher energy development spending and maintenance outages.

Options Activity- Put/Call activity split

Earnings Chart Activity-
1. 4/23- Stock drops 6 dollars

Decision- This is a tricky one. I think the demand for gases has been strong. I think the
price increase shows this. But i think raw inputs have definitely put stresses for the
company. I'd have to go with the AUG 100 CALL. You may have to wait for it to rise but
dont worry i doubt this guy will fall much from earnings even if it does.