the market has changed, Hon never did anything except cost reductions and move jobs to low cost region, k–ling or bleeding new product development, laying off the talent pool, milking the existing product lines to sunset.
Wall str. knows it and learned from GE, so it is matter of time the stock is going to get a spanking.
Story holds for UOP (PMT) as well.
Fire people with 20 years experience, replace them by 1 indian and 1 in Bracknell, give them literally half a day training. Then proclaim in a town hall meeting that we have fully staffed offices and trained people available.
Customers are laughing in our faces.......
For UOP the market in EMEA and FSU is lost! Gone!
Lol, people have been saying that since I moved 50 percent of my 401k in Honeywell at $27.
Wall Street doesn’t give a rats —s about bad books or offshoring. They care about money. 2020 has been a banner year selling overpriced masks and cutting costs. 1 basis point for every 100 employees fired.
DITTO!
All thanks to disconnected leadership! Most leaders have zero clue how the work actually gets done. I witnessed this first hand in GS&I, the transition committee really has zero understanding nor do they even care what happens, they will simply blame lower level leaders when it goes wrong.
The same is true for HBT. Reorgs, site closures, layoffs, attrition, shift to low-cost regions and unrealistic expectations about platforming has destroyed our ability to innovate and grow.
As far as jet engines and avionics, the formulas have been lost.