As we head to townhall- Interesting article- posted 3 hours ago-
http://markets.businessinsider.com/news/stocks/r-update-1-honeywell-raises-full-year-forecast-shares-hit-record-2017-10-1005036660
8 replies (most recent on top)
The plan to turn Hon into cash by selling assets and reducing expenses, cash for options, buybacks and dividends, is working and likely can continue for longer. Not sure how long maybe a year, guess. WS is still in love with Hon. WS loves this, they wil trade, make $ and move on to next company when they think ability to create cash is not good. Very similar path that GE and IBM took. WS also loves mergers and spinoffs as they make a lot of money from these too. Lots of talk today of GE spliting up into pieces, horrible numbers, but WS like the split up talk.
Agree. This show is for the Public and HON investors. If you’re inside you know what’s going on.
Sure, things might look fine on paper but ask yourself how true that is in reality. Does anyone believe that HON is this prosperous? No. They are cooking the books by reducing headcount and assets. Addition by subtraction. The problem with that strategy is, eventually you run out of stuff to sell and people to RIF.
Someone asked question if they going to go back to 100% matching on first 8% in 401K. He said no.
At least they didn't talk about a $500 bottle of wine again :)
Townhall Q&A confirmed that “trickle down” is alive and well at Honeywell. Now go work harder and longer so you can make more money for other people.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
hahahahahahahahahahahahahahahahahahaha!
Great news today!! I'm sure that we will continue to perform and leadership will reward all of the loyal employees with strong merit increases in 2018 as a way to thank all the dedicated employees for their contributions to the success of the company.