Kid, I hope you get your furniture. I bought some of this at 111 and 110. I am losing on those buys. If this keeps up, I will sell you some of our furniture because we will not need it out in the street when they foreclose. I need 125!
I nibbled yesterday and the day before and if down again today, I will buy more. It will make a run towards the end of the year as people buy in for the guaranteed dividend increase in Dec. They may raise the div about 15% to make up for the weakness in the stock. At least, that is my hope.
With UTC, the bleeding never stops. Either the stock goes down or the head-count goes down. But somewhere, there is always bleeding in the world of United Tech.
I grabbed a bit today. Remember, they promised to keep their dividend increase plan to every 5 quarters. They are on the hook for that. The increases have ranged from ~10%-15%. The increase is due in December. With that in mind, I am betting that whatever happens this summer, the head-shed will do anything to drive the price up the rest of the year. I do not think Louie wants to be a loser when Lockheed, Boeing, Honeywell, etc., are going up.
If UTX was going down as the overall market was going down, I would be a buyer at about 110. However, it has dropped as the markets were setting new highs. I have to think twice because what happens when the market corrects? UTX may very well continue down as I think it will. I'm holding and will not buy yet.
If their earnings are decent, this could see 10 within a few weeks. I hope so because I am heavily into it - relative to my cash situation.
It is going in the opposite direction of the markets. You can chalk this lost opportunity to Pratt 7 Sikorsky with all their screw-ups.
Please, can one of you engineer types, or anyone for that matter, explain to me why the US is putting all this $$$ in a single engine fighter? See the article below. If there is a Pratt flame-out or the engine falls off, there really is very little room for error (or even landing). Do we really want our brave service men and women in a single engine fighter? I would bet that if UTC's senior management or our politicians had to fly these things, there would be at least 2 engines, especially now with all the problems.
Hopefully, this will be goodness. Sikorsky continues to be a big drag...............................
In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $129.00 price target on United Technologies (NYSE: UTX).
In the report, Morgan Stanley noted, “Our 2Q14e EPS of $1.72 stands 2c above cons, which incl. 11c of items, 12% Y/Y growth on a comparable basis. We see organic growth slightly moderating to 4.6% vs. 5.1% in 1Q, driven by Otis (-1ppt Q/Q), CCS (-1ppt, Transicold & R/HVAC deceleration) & Sikorsky (-7ppts Q/Q), partly offset by 3ppts Q/Q step-up at Pratt on weaker comps. We see Otis China orders decelerating to ~10% in 2Q (vs. +25% in 1Q) on China property market, but expect Comm. Aero OEM & A/M orders to remain solid and commentary on US gov't orders to suggest stable/improving trends vs. 1Q (-2% Y/Y). We also forecast 100bps Y/Y core margin expansion driven by CCS, Pratt & UTAS, partly offset by Otis (mix & pricing headwinds) and Sikorsky (assuming $16m losses on CMH shipments).”
The F-35 could not show up at the airshows because of Pratt engine fire and now this out of Sikorsky....
AIRSHOW-Sikorsky sees delay in first flight of Marine Corps helicopter. We are not talking about a 2 month delay.
In theory, ACE is good. But it is a culture that must be developed and with a strong commitment from the top down. Problem is, there are too many ACE-holes that only give it lip service - "Just do it, get it done and do not bother me with your problems!" , your management.
Not good news considering these are some of the biggest airshows in the world and the places to showcase your great products.........................
•Most Lockheed Martin (LMT) F-35 fighter jets have been inspecting, following the grounding of the entire fleet last week. The U.S. military had suspended all flights after an engine broke apart and caught fire at an Air Force Base in Florida.
•The incident has put contract negotiations for the next batch of fighter jets and engines on hold. The warplane's engine is manufactured by Pratt & Whitney (UTX).
•The F-35 was also supposed to make its international debut at two air shows in Britain on Friday and next week, although no decision has yet been made on whether to allow the jets to fly to Britain.