And the moron continues to believe the stock goes up because of a split. If the company commits to actions that will increase earnings, the stock will go up. Maybe they should announce that they have improved assembly costs and will layoff employees no longer needed. Now that would cause upward movement in the pps.
Not really. Common sense says you're wrong. They have done so well so far this year in terms of earnings and can't get the stock above the mid 90s. Getting it into more hands will move this stock up. That's the solution but Cote might be afraid of losing the large block voting shares.
I bailed out of half on Friday. Should have gone all with the way it looks today. Looking for couple dollar drop to buy back. Needs to go down some so we can have end-of-year rally to new highs :-).
Don't think Fed will be raising rates any time soon with out job/wage growth and housing no longer in recovery mode. Risks are current state of world with ISIS threatening, Europe lagging, Japan on the edge and there is China slow-down to contend with. However, markets have been climbing this "wall of worry" so far.
The dollar on an upswing doesn't help US exports and repatriation of dollars. No easy money.
Basically for long termers, impact of stock splits can be summed up in one word.............yawn
I get nervous about something on it's way down. But I did my best to analyze HON, it seems like a decent deal at this price.
With my luck, it will probably tank tomorrow.
It;s coming Kurt - right after the war.
A small correction here is healthy and HON is going down with the overall markets. Besides the war, there are concerns that Europe wasn't able to turn things around and may now be behind the power curve.
Set it and forget it. Reinvest the dividends. Come back in 5 years. You will be a happy camper. (owner since 1979 via UOP/Signal).
2013 was a crazy year.
A lot of companies went up a huge amount, on very modest (or no) earnings growth.
2013 EPS growth vs Price growth.
RTN: 9.03% EPS growth, 57.57% share price growth.
NOC: 6.91% EPS growth, 69.59% share price growth.
GD: Earned less in 2013 than in 2011, but the price in 2013 went up over 33%. GD had negative EPS in 2012, so I am not sure how to count that.
By contrast, HON seems fairly sane.
HON: 33.33% EPS growth, 43.96% share price growth.
That seems especially fair when you consider that, in 2012:
HON: 41.38% EPS growth, 16.78% share price growth.
Well, as Country Joe & the Fish sang back in 1969, "There's plenty good money to be made supplyn' th' Army with the tools of the trade . . ."
HON not living up to its 1.23 Beta on the upside lately but is too eager on the downside.
Share buybacks should help along with dividend increase announcement that we will probably see mid October during earnings season. Also, a European announcement of QE type stimulus plan would be a big help to prop up markets.
Hang in there
HON seems to be a company with great fundamentals, and not-so-great performance.
In 2013, the share price for many companies has vastly exceeded the company's earnings growth. As such many companies, certainly in the defense sector, may be over-valued. Not so much with Honeywell.
2013 EPS growth vs Share Price Growth:
LLL: 2.49% vs 39.49%
BA: 16.63% vs 81.12%
LMT: 9.12% vs 61.08%
NOC: 6.91% vs 69.59%
RTN: 9.03% vs 57.57%
BLL: 7.06 vs 15.44%
HON: 33.33% vs 43.96%
Also, HON is one of the few companies that does not have a historically high PE. HON's PE is 18.30. From 2009 to 2013, HON's average PE is 19.31. If HON reaches it's earnings, and price target (5.54, 107.21), HON's PE will be 19.35. HON's forward PE is 15.12.
HON has had strong and steady earning over the last 5.5 years, at least.
Also, unlike many other companies, especially in defense sector, HON is nowhere near it's price target of 107.21.
Why Honeywell's Flat Performance This Year Is An Opportunity