Smart move. Market itself is topping IMO. Most old time companies are rolling over. Only bright spots wrt earnings are Paypal and Facebook, but these are overpriced. I really question whether Internet of Things is going to be a huge winner. Certainly, there is data to be mined from all things connected to the internet, but in many cases, companies are already doing this without the internet protocols.
I liked the earnings call. Probably never should have moved off of the stock, but now back in after that bit of a dip, but higher than what I sold at.
"I cannot find today's posts by nodmod and the_original. Can anybody see them?"
Never heard nor seen nodmod here before....However, "the_original", also known as rex was stripped of the ability to make posts several months ago by yahoo...he must have said something yahoo took exception to.
If you click on rex's name, his profile shows him as being a member on this board begining in Oct of 2000 and shows zero posts being made...obviously removed all the posts ever made as well.
Honeywell reported nice results for the quarter and even showed some revenue growth but if you look a little deeper (and you don't even have to look that deep) you will find some interesting things that impacted that. There were 5 additional shipping days in Q1 2016 compared to Q1 2015 because of leap year and the way they closed the calendar out in FY2015 and benefited from the holiday schedule. They will not be impacted by this until Q1 next year, but it does bring a little perspective to the most recent quarter and it will create a challenging start to 2017.
While Obama was in the UK this weekend he said during a media briefing that if the UK drops out of the EU that the US will address trade negotiations with the EU members first and that the UK will have to go to the back of the line...this will affect trade, banking, and security.
He did not make any friends trying to threaten those in the UK who want out of the EU.
If the administration passes bankruptcy protection for Puerto Rico it has been reported that citizen who have savings in bonds are likely to lose 80% or more in their retirement accounts. This will become the US's Greece
They also better release ALL 28 pages of the 911 report
Survivors are entitled!!
I agree with your statement about increased volatility on the horizon .
Bu the time Darius takes over, it may be too late to do anything to mend fences with suppliers and to boost morale. The exodus of talented employees from Honeywell has already begun.
Honeywell's stock price is inflated by the fact Cote is "supposedly" running a tight ship. If the only way to organic growth is buying other companies, and the morale of the workers is lower then whale doo doo, there is an underlying cause for alarm as the stock price can't stay high for too long for these reasons.
ummm maybe, but if you are only trying to hit the qtr you miss the point of running the longevity of the business. F the qtr, and get long-term growth and the stock will move accordingly over time.
Cote has hammered management for years about free cash flow, and as is the case with most of the productivity initiatives that they have successfully implemented...you can only squeeze so much out of them before there is nothing left. Eventually they will have to find ways to grow the business organically, but I guess that will now fall on Darius's shoulders as Dave rides off into the sunset and Darius will have to mend relationships with suppliers and employees.
so Honeywell has decided to finance their business on the backs of their suppliers now. all terms are now 120 days and then they use every excuse in the book to find a reason to not pay after that. then when the issue is finally resolved they start the 120 day clock all over again. they guys running this place are just brutal and if they had to run their own business they wouldn't survive 6 months. there are a lot of small suppliers who might not survive this new attack on them. there is no margin left in the work from them anyway, and now these new terms.
Although I don't disagree with you, I believe that as long as Honeywell's stock continues to climb, pay dividends and keep investors happy...there will be no significant changes. Even as miserable as many of the employees are, they keep looking at their 401K grow and put their heads down and trod along. Maybe Darius can take a company that is producing great results (in profits) and build a culture that capitalizes on that and soars to even greater heights. I don't believe that is in his DNA, but as a shareholder I remain hopeful.
The fact that there is little to no organic growth supports your morale case, in addition to there is something very wrong when a company continually fails to produce sustainable organic business growth. Hopefully major changes and a shake-up occur soon at Honeywell and business management will be held accountable for failure to produce organic growth. Organic growth in my opinion is the best barometer of a businesses health.