Been a long time investor but recently I can't understand what they are saying or doing.
- Missed Q2 - Reconfirmed Q3 and Full-Year EPS on August 8, 2011. - Now, missing Q3 and the full-year. If not for the buy back, miss would have been much worse. - Announced they would sell Husmann at Q1 report and started reporting as a complete discontinued operation. Then changed to 60% stake sale which they announced would close by end of Q3. Today is end of Q3 and nothing announced.
Spot on. I copied this from the corporate website and it sounds to me like there's no focus. A company trying to do many things. Break it up or sell off some more businesses and just focus on being Trane.
"Today, we are a global diversified industrial firm providing products, services and solutions to enhance the quality and comfort in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and enhance industrial productivity and efficiency."
What's not happening is the correct question. I always thought IR was a solid company but after they handled the VP of HR at Club Car, I really wonder about the company. What kind of message does it leave with the workers when the VP of HR is arrested for being caught being in possession? Ir should have followed their policy and terminated her but instead, they transferred her to another location, how effective is she going to be in that position.
Lamach actually has a solid plan for the business and his overall leadership capabilities are above average. The root cause of IR's problem is that promotions are driven by politics and looking good in meetings. Once the company figures out that promotions should be given to those who actually grow sales by understanding the customers (instead of looking good in suits), then IR will start hitting their forecast.