Linde CEO: Nothing is broken

In an interview on CNBC’s Mad Money, Sanjiv Lamba said Linde (LIN) has a business model and algorithm that is working. It currently has a $10B backlog. The company has a mosaic of end markets, many of which are resilient and some cyclical, he noted. Manufacturing has some “real green shoots,” according to Lamba. He recently purchased $1M of the company’s stock and said he “never sells.”