This stock has been down a big time every time when IR reports its financial data since Lamach became the CEO. Seems the street doesn't like him at all... A new CEO with a proved successful record should be brought in by the board to convert IR into a consistent company.
And now: JPMorgan Drops Ingersoll-Rand Coverage, Citing Hiring as Adviser
What does this mean: Activist investor comes in and immediately Lamach runs to is ibanking buddies to sell a business in order to please the investors and keep his job? Or is he using shareholder money to defend himself against the activist investor? Either way, Lamach appears to see his CEO job mainly as a gravy train for himself.