Kid,...it turns out that the "Buy,Buy,Buy" headline and the "...I'm a buyer" quote you referred to are originally from Aug 6. It looks like they re-used the headline on Sept 2 to reference what Cramer said on that day, which actually was "...hold on to it.". In between those dates in another segment he said "buy in the low '80s". He's been all over the place on this stock. Tough to take seriously.
lizard, ......I pulled the headline from The Street. Also from The Street: United Technologies (UTX): "It's very levered to aerospace and it's trying to put in a bottom. I'm a buyer.".....Kid
Cramer is know to have the kiss of death look at Joy GLobal one of his picks today if you dare....
I have no particular opinion on Cramer, but The "Buy, Buy, Buy United Technologies" headline is completely inaccurate. That'a not what he said. What he said was "hold on to it". In a previous segment a few days ago his advice was to buy if it got into the low to mid 80's. Personally, I would agree with that.
IMO, Cramer is a egomaniac with very little credibility. But, I hope millions act on his recommendation on UTX!
Actually, I thought calm's description of AMBA as a "shooting star" was quite apt--they come out of nowhere, burn brightly for a moment, and then....disappear!
not-so-calm,............AMBA continues to bleed, now down 28.4% since your "immediate growth" call of August 16, 2015. Predicting is dangerous, especially about the future.............Kid
I agree, JJ. The Barclay's "analysis" has a tone that appears to be very knowledgeable and well informed re UTC. But, the shallowness of that apparent understanding of UTC is betrayed by the reference to the importance of Pratt's C17/F117 business which really is quite insignificant for Pratt and not even worth mentioning for UTC as a whole..
Yes, that was a great call wasn't it?
June 24th of THIS YEAR!!!!
NEW YORK (TheStreet) -- Shares of United Technologies Corp. (UTX - Get Report) are declining 1.18% to $113.87 after Credit Suisse lowered its price target to $135 from $137 while maintaining its "outperform" rating.
UTX has problems, but I think Barclays has overdone it. They seem worried about things like the C-17 line closing, even though PW has been producing only a handful of F-117 engines for the last several years, at low military profit margins. PW will barely notice it. A UTX target price of $100 a year from now with 2016 earnings around $7 implies a PE around 14 which is historically low. UTX's PE has averaged 15.5 for the last 20 years through many ups, downs, recessions and crashes. Sure, the PE could be at 14 a year from now, but that implies no global recovery at all. If that's the case, and the stock does fall into the low $80's, I will be a buyer, but I'm not holding my breath.
My thoughts - I am getting 3.5% in the income fund. I have about 8 year's worth of cash there to supplement my pension, Social Insecurity,etc. I am thinking of buying UTX at about $88 figuring that I can definitely beat the 3.5% income fund with the UTX dividend plus the UTX stock appreciation over a 2 year period. Does that make sense to you people?
UTX may have been better off selling Otis and keeping Sikorsky. Hayes better get to work to improve shareholder value. I don't blame him entirely for the big drop, but the buck stops with him.
airborne,......Barclay still has an "equalweight" on UTX, that's not bad. Target is $100., so, I think that now is a good time to buy UTX. I have too much UTX, underwater, and will not add to my position. I'll have to fish in another pond......Kid
Morningstar (which I pay for) still has UTX "fair-valued" at $120 and says long-term prospects are solid. Morningstar says "consider" buying at $84. At $90 UTX is 25% off its recent high....surely in bear territory. Also, at ~ $84 UTX's dividend yield would be 3%. Those dividend checks keep coming (and rising) while you wait. Rising interest rates which are likely to continue for years hit multi-nationals like UTC hard because of the rising dollar. Nothing you can do about that. This is a good test for Greg Hayes, in my opinion.
Kid et. al., Given all that has occurred and the latest downgrade, what is a good buy-in price for UTX stock. Give me all your opinions.