Mad money piece about Resideo and garret spinoffs said that you should not buy what our leaders are selling off. This is a good observation and we can use it to observe what division is going to get layoffs next.
Is your site seeing investment? Capital and research into new products is a sign that they are buying not selling. Post if your site is seeing money from corporate. Then let’s list the sites that are not seeing investment
Honeywell spun off 90% of its' asbestos liability to Garrett. While Honeywell is still ultimately responsible, Garrett will have to make payments to HI up to $175 million in any year.
Kramer says Darius is “brilliant” for creating two over-leveraged companies whose failing stock was given to current Honeywell shareholders because he was not able to sell the tar babies to outside investors. Brilliant might be the wrong adjective. I hope you Honeywell employees sold your Rezi/Garrett shares from your 401k match accounts.
Clearly Honeywell has destroyed his residential market through bad decision or rather unability to decide in a dynamic marekt, political battles, ... and done a very nasty spin-off to maximize short term profit and enable more buy-backs.
Now it will be up to resideo leadership to save it in a good and dynamic market.
Yes what a great advert for Honeywell products- since that's what Resideo sells.
I hate to say this but they are right. Resideo was a disaster before they got rid of it and an even bigger disaster with no future now.