Bernard Horn Comments on Linde AG

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Mar 16, 2015

Linde (XTER:LIN) is a German multi national industrial gases and engineering company. The company appears attractive, as it is a dominant player in a consolidated industry, with low downside risk, many long-term contracts and strong visible cash flows.

From Bernard Horn (Trades, Portfolio)’s Polaris Global Value Fund Q4 2014 Shareholder Letter.