Awesome...!. Very good run company
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@6ikc+16CjwKG
At some point you have to decide to sell in order to realize any profit. You are deciding. Seems you have decided that the stock will go up. Or you are just in hold and hope mode. There are a lot of factors that drive stock price.
If it drives the stock price up, I am good with it.
AlliedSignal was also a great place to work really until about 2008, maybe started to change a little before then. Dave Cote transformed the company into what it is today. Bossidy tried to do what Welch did at GE but was really not very aggressive. Cote, now on his private island on the Gulf Coast, definitely was aggressive and egotistical and greedy. There is only 1 person that matters in his world.
HON seems more like an IBM to me. Just a big do nothing company with leaders trying to come up with stories for Wall Street to sell. We are not taking big risks and we are not innovating nor developing better products. Slowly over time thinks will be spun off, sold - just like we have been doing the last 10 years.
Saying that honeywell is like GE is just wrong. Companies die when they can no longer pay their debts and honeywell isngood about managing debt. (EbITDA is the metric to lookup.
Honeywell will never be apple or tesla. They are not willing to make the bets (bet means debt) that would generate those kind of moon shot wins. Honeywell will grind along selling mediocre products until someone invents something better .. then they will sell something else. The low debt ratio will enable them to switch.
What is true is that honeywell is led by rich cowards who will never do more than talk about changing the world. No big bets. No personal money at stake.
why would i waste time with honeywell as an engineer when people next door are packing bags for mars?
I expect the failure comparisons to GE to start in 2021 .... the curtains will be pulled back and all the financial manipulation will surface just like GE
Someone drank the koolaid...
It's only when the tide goes out that you learn who has been swimming naked. Interpretation: Things may look good and rosy up to a certain point, but if a company is leveraged too much expecting a wave to come, but instead the tide goes out, everything will be exposed.
Honeywell, following in the footsteps of its Dow component step-brother GE
As Warren Buffet says, eventually the tide goes out and you learn who lost their shorts....
Excerpts from Barron.com
For industrials to approach tech’s weighting, Honeywell stock will have to perform well far into the future. The last giant industrial conglomerate and that they expect Honeywell to be around, in its current form, for years to come.
If the Dow Jones committee only knew this move is short-lived. Descimated Honeywell can't keep up thus charade.
Honeywell’s constant defrauding of its employees has led to something other than severely bloated compensation for those in the (mis-)management ranks.
Honeywell... Almost run as well as Enron and MCI WorldCom!! 🤣🤣🤣🤣🤣
HON stock: the definition of Ponzi scheme.
Massive eating grins on the faces of the Empty Suits as they applaud their own speeches.
‘Very ‘good’ run company’ -Said no one ever
‘Run’ May be the correct term, but should be for the employees to run out the door quickly.
Honeywell used to be in the Dow Jones Industrial list until 2008.
The whole stock market is a joke.
"Employees treated as a liability"
So true as it it at most publicly traded companies. HON is shameless about it though. Developing east for west strategies in developing markets.....then when you clearly see they are out maneuvered in the market by their competitors the leadership "spins and rationalizes the failures."
Eventually the employee directory is shuffled or moved to China, India, Eastern Europe or Mexico as their creditors watch the HON slow pays move from 120 days to 150 days and reliable "liabilities" leave or are considered threats and RIFed for the next quarters restructuring costs.
Time for the arms crossed leadership photos to shuffle the head shot org charts again and spin it.
HON is a sell stock
This is demonstrably, laughably, horribly R-O-N-G. (Spelling was on porpoise)
Only achieved by sacrificing the benefits of their employees to increase their appeal to shareholders. What happens when there is no more to squeeze out?
Being on the Dow is not a reflection on how good a company is run. Why would you think that?
Great to see Honeywell make the Dow Industrials, GE was part of the Dow Industrials but at some point the smoke clears and the man behind the curtain is exposed, then reality sits in, be witness to the long list of companies who have or are spiraling down into the abyss.
Honeywell was dropped from the DOW in 2008. Guess it earned its way back in.
@0P - If English was your native language, you would know that your grammar is as faulty as your assessment of the company. Honeywell was a "well run" company until Allied Signal bought it (as it has many other companies) and started s—ing the life blood out of them like a disease ridden tick. The Honeywell name was co-opted by Allied Signal after the "merger" since the Allied name was synonymous with fecal material.
Although this Dow change may be "good" for the shareholders, it will be miserable for the rank and file employees who will get squeezed ever more with propaganda shoveled upon them of "sacrifice required" to exceed goals. This is destined to happen so that the latest CEO can have a retirement beach home as large as (or more so) the one the previous grinning t–d of a leader drained the company for.
Note that Honeywell used to encourage employees to share in the benefit of being shareholders by matching a percentage of 401K retirement funds with company stock in each paycheck. Now employees only get a matching percentage if they manage to make it through the continuous layoff cycles to an end of year vesting date (good luck). New employees must also endure years of employment just to be eligible to wait for the match. People used to be seen as a company asset, now they are treated as a liability.
Good luck on the ride down! Pipe dream all the way.