I just gave gamalataki 1 Thumbs Up because all on this board want HON to go higher. It would go even higher more rapidly after a 2for1 or a 3for1 stock split. Happy Thanksgiving everyone.
A split will do nothing to lower the P/E ratio. Post split surge will cause the stock to become overvalued comparable to other industrial companies, causing it to stall out once again. Patient is all that is needed. Every hour and day that goes by, HON is raking in sales and cash. If you had an accurate meter on the value of the company down the dollars and cents that you could watch 24/7 I guarantee you would spend less time worrying about stock splits and more time appreciating the importance of enterprise value and P/E multiples.
Actually I hope I am very wrong because I am a shareholder too. If it goes over $100/share without a split we all just make more on our investment. I just firmly believe that a stock split is the correct way to go at this point in time.
Its not my fault you have zero financial basis for your stock split theory. You seem to be incapable to even listening to anyone who disagrees with you. I gave a very factual and polite response to your theory. I've yet to see any rationale behind your idea that a split does anything for a company's stock price. Saying you've had stock go up on other company's who have split is meaningless unless you can somehow prove it was the split that moved the price. I would argue that the stock would have proceeded up just as much without the split.
Upright - it is usually SOP when exercising company granted options to buy the shares at the option price and at the same time, sell enough of the shares at market price so that the profit covers the option price and the tax. The net result is that shares you end up with didn't cost you anything and you add them to your "stockpile". The timing could be questionable but then again, the options could have been expiring.
I'm not exactly sure what the investors in this company are looking for. HON is only slightly trailing the S&P index for the last year (even with the DOW). If you look at the 2 yr and 5 yr comparisons, you'll see that HON has significantly exceeded those two benchmarks. This company is on very solid ground and will continue to grow in value. There is nothing magical about $100/sh. There is little doubt that number will be met and passed in the next 12mo. Be patient, enjoy the ride and collect a decent divy along the way.
I have to admit, I agreed a sock split driving the PPS higher seemed knda useless...however, we've tired everything else...better than expected earnings q after q, higher projections q after q, increased divi....what else is left?! What the heck, why not try a split?
The man still has $47M worth of Honeywell stock. How much would you expect the CEO to have wrapped up in one investment? He sold stock he acquired via options valued in the mid $30's. I can't fault the man for taking some off the table, regardless of how much confidence he has in this company. Lets be realistic and not read too much into his actions.
Agreed, sometimes the proof is in the pudding. Or to say it another way...actions speak louder than words. Perhaps we should all follow the leader. Cote thinks it's a good time to sell. That doesn't send a positive message.
#$%$ little late for the dividend. Today is Ex-dividend day and the stock is sold today minus the dividend.