From Sterne Agee" - Hope it is on the money!
United Technologies' stock UTX, +1.15% should be bought at current levels, said Sterne Agee analyst Peter Arment on Monday, who said the company's sale of its Sikorsky Aircraft business after 86 years of ownership represents a "positive first step" in the transformation of its business portfolio. Arment said while Sikorsky generated about 10% of United Technologies' (UTX) sales, it only accounted for 6.5% of its profits. He said the sale removes a significant portion of the headline risk from the government's defense budget, and allows the company to return a large amount of cash to shareholders without reducing balance sheet flexibility to pursue other acquisitions. Earlier Monday, UTX agreed to sell Sikorsky to Lockheed Martin LMT, -0.22% for $9 billion. The stock, which rose 1.4% in premarket trade, has lost 5% over the past three months, while the Dow Jones Industrial Average DJIA, -0.19% has gained 0.3%.
This is goodness for stockholders no matter what happens on Monday. $8 Billion+ and UTC does not have to worry about late deliveries and poor cash flow. I do not see anything bad here. There are always kneejerk reactions.
It will be good to get all the speculation behind if/when LMT buys S. The market hates the uncertainty. The sale will be a good thing. LMT has the ability to salvage what can be salvaged and absorb some of S's problems/issues. I view it all as goodness.
I was hoping it was LMT. It looks like it may very well be. They are loaded with cash, customers and great management!
The smart investing philosophy says that you should not have too large of a percentage of your 401K in company stock. Well, over the last several weeks, UTX has become a lower percentage in my 401. And, I did not have to do any transfers to achieve it. GO UTX!
Bigsteve- If this thing hits 90 by September, you are the new Warren Buffet with all your wisdom. I will load up like you won't believe.
The only person that made money on UTX was Louie ($172,000,000). I was going to buy at 110 but now have reconsidered and keeping my powder dry. A ?for Kid: At what point would you buy?
Your spelling is just as bad now as when you posted as "hwalamusgfe". "There" means over there as in a position. The word "Their" shows possession as in their recommendation. You are very stupid. Why should we listen to you and take your advice as to where or "there" to invest our money when you cannot even spell simple words? Go away "evannerobertodrj" or "hwalamusgfe" or whoever you call yourself in your next post.
NOT GOOD -
What do you call 1,000 lawyers chained together at the bottom of the ocean? ........ A good start!
I was hoping that they would up it. I would like 15% to salvage this year. LOL! The only 15% I would bet on at this point is down 15% on UTX. Please hep me!
I am all for giving Hayes time. I am a fan and there is no way he can straighten out the mess at Sik overnight. If this drops another $3, I will be buying.
Coolwalt- I will take the financial classes as you suggest and you can take spelling classes.