UTC To Resume Share Buyback In '13 0 1:55 p.m. EDT, September 13, 2012 HARTFORD — The chief executive of United Technologies Corp. says share buybacks of $1 billion will resume in 2013, more than a year after repurchases were suspended as the conglomerate bought Goodrich Corp. for $18.4 billion. CEO Louis Chenevert told investor analysts on Thursday he'd prefer a share buyback program of more than $2 billion, but the Hartford, Conn.-based company will hold the line on half that amount. Chenevert said the parent company of jet engine maker Pratt & Whitney, Otis elevator, Sikorsky Aircraft and other aerospace and building systems companies will not make any more large purchases. Topics Louis R. Chenevert Stock Activities Buyback See more topics » XCompanies and Corporations United Technologies Corporation He said "big deals in my view are done." ------------------------------
I will allow you youngsters make the huge returns. I am yanking some money out today. I was hoping for this pop. Thank you gentle Ben. I am not hanging around for a sharp fall. I got allot of cash to buy in on the way down if it happens.
Well, I am no youngster and I have held this stock for well over two decades and have no intention of selling, ever. Just look at the chart from the 1970"s, it's up up up. Of course I reinvest my dividends so I get the compounding and the capital appreciation. My initial cost was under $ 7.00 so I am happy to call myself a long term investor and sitting pretty at over seventy years.