Oh please! There's no comparison.
Also, to the other poster. I have held through two past splits and have done extremely well. I'm not a trader so I don't care about the next 180 days.
with all due respect...Cote and the board are more interested in the institutional investor than the individual investor. Goog and Aapl seem to have done ok without splitting when they got to $100.
Do you people not read prior posts? in my last post, I pointed out that 2 out of 3 of the last splits in HON had negative results over a 180 day period. Check it out if you know how.
Past results are no indication of future performance . . .
Cote was happy with the current # of shares. 3 to 1 split dilutes shares to 2+billion, not likely.Buy back will reduce outstanding shares, then maybe a split. $100 a given real soon.
Sentiment: Strong Buy
My guess is that the Board of Directors is currently discussing via emails/phone the planned 3 for 1 stock split. My input: Don't hesitate; Do it now.
A little history about HON splits for those ignorant of history and apparently doomed to repeat it:
Disclaimer #1: I'm certain that the following simple table will get mangled by the Y! bozos lame-o editor which can't distinguish tabs from spaces (much less a proportional font) no matter how hard you try. If you want to read it, just copy it into Notepad or some such and realign the columns, I added some stars (***) to help out.
Split Ratio Price Price Change Price Price Change
Date (close) (-1d) (adj) (1d adj) (-90d) (+90d) (180d adj)
*** *** *** *** *** *** *** ***
Sep 16, 1997 2 : 1 43.56 85.62 1.75% 82.25 36.94 -10.17%
Mar 15, 1994 2 : 1 38.88 77.37 0.50% 77.75 36.38 -6.41%
May 30, 1984 3 : 2 33.25 50.00 -0.25% 48.75 33.75 3.85%
Disclaimer #2: These numbers are not guaranteed to be 100% accurate as they rely on the currently published numbers for the periods involved and have thus been massaged (not by me) to account for dividends as well as splits. There was also the HON/Sperry merger in 1986 and I've never gotten a definitive answer about how such events are accounted for. Despite all that I believe the numbers to be reasonably accurate as I had some known historical data to compare them to.
Anyway, be careful of what you ask for . . .
Mr. X (Damn! where's that Pro guy when you need him?)
I among, other regulars, am constantly amazed at how erratically this board behaves (technically). Often messages get posted, deleted then apparently circulate in the Oort Cloud for a while only to return weeks or more later. This is just what's happening on the "A 3-for-1 split would be nice......" thread at the moment.
Posts made a month+ ago, then lost have just now Magically Reappeared. Just a mini-Rant and a heads-up to inform you that what appears on this board should be taken with a fair dose of skepticism when you can't see comments in their original context, never mind some of the nutty sources even if they do appear.
IMHO Yahoo! is either a) Censoring content or b) Incapable of operating a simple BB reliably. I vote for b), they aren't smart enough to do a).
OK I'm better now,
Stock splits are irrelevant. It has been clearly shown that stock prices after a split continue on the same trend as they were on before the split. Therefore, there is no real justification for a split.
Honeywell Reports Full-Year Sales Up 4% To $39.1 Billion; Proforma Earnings Per Share Up 11% To $4.97 Per Share; Reported Earnings Per Share Of $4.92
4Q13 - 5% Organic Sales Growth; Proforma EPS $1.24, Up 13%, On Stronger Operations
4Q13 Reported EPS $1.19, Includes ($0.05) Pension MTM Related To International Plans
$0.16 EPS Gain Funds Proactive Restructuring And Other Actions - Including Friction Sale
Reaffirming 2014 Proforma EPS Guidance Of $5.35 - $5.55, Up 8-12%
MORRIS TOWNSHIP, N.J., Jan. 24, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) today announced its results for the fourth quarter and full year 2013:
Google paid 4 billion for Nest. How often do you change your Thermostat? Honeywell is LOL.
Yes, I agree, it would seem unlikely that he would accept an interview to defend bad earnings. Possible, but unlikely. Today may prove to be the dip of the year, who knows, I'll accept the 50% gains from last year and not worry about even a 10% pullback, if the market corrects.
I believe that Hon is a great long term stock and has clearly paid off for those of us that invested in it over the past 10 years. As far as Cote appearing on Mad Money, I believe that they are going to report earnings that the market will not be excited about and the "chat" with his neighbor is an orchestrated plan to get him in front of the cameras and assure everyone that they are executing their plan and that the seed planting that they have done for several years is paying off...refer back to his October 23rd appearance. 2014 should be strong for Aero, they will have a killer first quarter in the energy business thanks to the polar vortex and extreme cold across North America and they will get full year impact from the Intermec acquisition. The future looks bright, but I think that report tomorrow will be underwhelming...IMHO.
A couple other observations----
Selling Friction Materials was a good thing and a long time coming.
Completing a $3 billion stock buyback also good---However planning to buyback an additional $5 billion in stock at this level of pricing leaves questions in my mind as to how they intend to pull it off to the good.
Seems like they could have used the capital spending in some other fashion.
RCSU---Good Luck All
Hon could only make a new 52 week high if it runs counter to the broader markets for a second day in a row.
In pre-market the DOW is down more than 100 points---bad jobs report.
Lets' see if Hon can go positive today----then I will believe there is good news coming on Friday