I agree 100%. It is, in my opinion, the declining ethics within the corporation. They are squeezing at the expense of both customer and employee. Friends that have recently been laid off describe environments of "hooray for me and @#$1 you.
A broker once told me that the time to acquire a stock is before it splits. The only thing a stock split does is to make that stock more affordable in smaller lots to many more people. True, you can buy 50 @ $100 rather than 100 @ $50 and everything is equal. But it is only a perception of more affordability. The people that buy before, get a little bump up. More than the people that buy after the split because many times after the split, the stock settles down rather quickly to a normal slow grind. Only my take on it.
Credit Suisse increased its price target on United Technologies (UTX_) to $135, increased its estimates and set an "outperform" rating due to the company's higher growth outlook.
One day when I was much, much younger, I was out on the oil truck delivering oil with my father. We broke for lunch at a diner in New haven. I told my Dad that I really did not want to go in the diner looking like I did. He told me that you should never be ashamed of how you look if you are out working doing honest labor, working hard. One thing that always amazed me was that as I got older, my father got smarter and I got dumber.
I still need 135 this year. I need to travel and get money for a possible wedding! Hopefully, it will do half as well as it did last year (2013 approx. 30+%).
FCompanies looking for a way to please Wall Street and get their stock prices up have a solution: fire employees.
There are 14 companies in the Standard & Poor's 500, including office equipment maker Pitney Bowes, defense contractor Lockheed Martin and grocer Safeway, that have methodically eliminated jobs each and every year for the past five fiscal years. And these stocks are outperforming the market both in the short term and long term.
Shares of these chronic job cutters, on average, are up 18.8% over the past twelve months. That tops the 15.5% gain by the Standard & Poor's 500 during the same time period. And over the past five years, the job cutters are beating the market by an even wider margin, gaining an average 269% while the S&P 500 is up 103%.
And now you know why the layoffs continue. If this is true, then UTC stock should hit $500 a share within a year the way Louie and his henchmen are cutting.
They are starting to land some good contracts which will lead to some significant production in the pipeline. The new presidential will even offset some of Sikorsky's bleeding. Pratt will do great. The best thing that could happen now (in my opinion) would be for the stock to go below $100. VG buy opportunity.
Reuters: American Airlines, CFM close to $2.6B deal • 4:38 AM
•Reuters reports American Airlines (AAL) is close to completing a $2.6B engine order from CFM International, a joint venture between GE (GE) and Safran (SAFRF). The 200 new engines will be placed on new Airbus A320neo jetliners that the company has on a firm order.
•The purchase will mark a loss for United Technologies' (UTX) Pratt and Whitney unit, the only other engine maker for the A320neo.
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.
There was an article noting that earnings this time around were going to be impacted a bit because of "restructuring" (layoffs and severance packages). They have been letting some of the very high earners go in recent months. Could that be why?
SEC probing United Technologies jet engine sales in China • 10:39 AM
•United Technologies (UTX -1%) discloses that the SEC is investigating one of its non-employee sales reps who sold jet engines in China.
•UTX says the SEC issued a subpoena seeking documents related to disclosures of sales of its Pratt & Whitney engines and International Aero Engines.
•UTX says the probe follows its voluntary disclosures to U.S. regulators, which resulted in the company suspending payments to the salesperson, triggering a lawsuit and an arbitration claim.
Coincidence: Not only one of the most, if not the most beautiful states, but also one of the best states for low taxes and good retirement. Been thru it and loved it all. Hopefully, the federal government won't destroy it.
Pentagon warns of major cuts due to sequestration • 9:12 AM
•The Pentagon would have to cut $40B of its planned spending on operations and maintenance from 2016-2019 if Congress doesn't stop automatic budget cuts that are due to take effect in 2016.
•In a report yesterday, the DOD also said the R&D budget would fall $18B to $337B.
•Companies that would be affected include Lockheed Martin (LMT) and its F-35 program, Boeing (BA), Northrop Grumman (NOC), United Technologies (UTX), GD (GD) and Huntington Ingalls Industries (HII).
What about how Sickorsky bent over the Canadians. Behind schedule, over budget. Now they have to give, at NO CHARGE the remainder of the Canadian S-92s to appease the DND. Hey Louie, have them get their $#$% together.