What do you call 1,000 lawyers chained together at the bottom of the ocean? Ans: A good start!
I am betting Hayes will be around long enough to get the stock price up to where I need it so I can sell more to have a more secure retirement. There are no guarantees in life (or death)
UTC is top-heavy with overpaid execs (especially liers,oops, I meant to say lawyers). He should depart from the norm of cutting from the bottom up (worker bees making the least $) and cut from the top down $$$$.
He is being diplomatic. CT is a VERY expensive place to do business with one of the highest workers comp taxes in the country.
Kid- It is warming up here as we approach March. Right now, it is 14 degrees. It will be warm tonight also.about 5. We are in a warming trend.
Sterne Agee rating - Ya gotta luv it!
United Technologies’ stock UTX, +1.08% slipped 0.1%, but was up 0.2% earlier at a record intraday high of $123.19 earlier in the session. The stock has run up 13% since Nov. 24, when the company named Greg Hayes as its new chief executive, to replace longtime leader Louis Chenevert.
Arment lifted his target by 17% to $140, or 14% above current levels. He doesn’t believe the company will split itself into two companies -- one focused on aerospace, and the other on non-aerospace -- like some have speculated, but he expects new Chief Executive Greg Hayes will look create shareholder value by reducing its core holdings.
His sum-of-the-parts analysis values the company at a total of $145 a share, or $161 a share minus $16 per share in net debt, which could leave the door open for an activist investor to push management to monetize that value by selling off assets. Arment estimates the combined value of United Tech’s non-aerospace business, including Otis elevator and its climate, control and systems operations, at $82 a share, and the value of its aerospace business -- Pratt & Whitney, Sikorsky -- at about $79.
“While it’s unlikely [the company] will be broken into two parts...we do expect some pruning of the portfolio that could result in higher returns for investors,” Arment wrote.
OMG! This is beautiful stuff going on. Lou should have left sooner. My 401K is going up & up & up! I may be joining kid in FL if this keeps up. Who said 125 by the end of Feb? Maybe 130?
RE my 401K: I keep transferring a thousand here and there out of the UTX stock fund into the income fund but my UTX account balance stays the same or increases. Go figure! Oh well, I guess that is goodness.
Sooner or later, the people that are screaming sell will be right. My bet is it will be much later. I like this 2 points a week stuff.
New highs mean new highs and new lows mean new lows. I am betting on new highs over the next 2 months. I will lighten up as it goes up.
The time to buy a stock is BEFORE a split and not after. A broker told me that and it is a good philosophy to adhere to. I am holding and waiting. If it does split, many will buy and I will sell.
As a stockholder who depends upon the performance of the stock for a part of my retirement, I do not really care anything about prestige / legacy. All I care about is the corp. making money and the stock going up. Call me selfish but I hope Hayes, et. al. get rid of all non-performing operations including Sickorsky.
Myles Walton of Deutsche Bank on Thursday commented in a note that it has been 80 days since Greg Hayes was elevated to Chief Executive Officer at United Technologies Corporation (NYSE: UTX) and since then he has appointed a new Chief Financial Officer, executed a redirection of focus in the M&A organization, streamlined reporting lines in the aerospace companies and "leaned in" a bit more on shareholder capital return.
"That's pretty good work in less than three months," Walton wrote. "But the question we hear from clients is that they are looking for more to counter temporary and structural earnings headwinds in front of the company."
Walton notes the company's management team as recently as December said that its Sikorsky unit isn't up for sale but a potential leveraged spin of the asset "has appeal." By doing so, the analyst states that the company can up cash that could be used for shareholder return and create a better investable asset outside of the United Technologies portfolio that would have both a "self-help story" and serve as a potential acquisition target in the medium term.
The analyst suggests a reorganization of the Aerospace unit, the elevation of the new head of strategy, and the lack of reorganization at Building & Industrial Systems (BIS) would point towards thinking the company is seeking larger Aerospace and Defense (versus Industrial) deals and may move down the path to separate the BIS (industrial) business from the Aerospace businesses.
Walton also states that if the company's "end game" is an eventual separation of its Aerospace units from BIS, an Aerospace acquisition would "make even more sense" as a stabilizing force to balance out Pratt & Whitney, which will remain in investment mode through 2017 on the GTF engine.
The company will host an Investor Day presentation on
Don't worry about censorsing about Bloomingidiot. I have no use for him or anyone else that steals valor from those that served (for real). If a person will lie about that, they will lie about anything. I will never forget one day I was going into a VA facility in CT and outside the main entrance was Bloom'nidiot talking with the cameras from local TV rolling. It was sickening to have him on the grounds. By the way, he is a little short f' with character to go with it.
I learned a long time ago that if you want to instill an ethics culture within and organization, you DO NOT, I repeat, you DO NOT hire more lawyers. You get rid of some lawyers. You know the shortest book in the world................a lawyer's book of ethics. Lawyers have polluted our society with their ethics (lack thereof). What do you call 1,000 lawyers chained together at the bottom of the ocean? A GOOD START!
They were typically 10-15%. I had expected 10% at the very least. Hopefully, they will make up for it next time.