I mentioned this before on this site a long time ago and will restate. A broker once told me that the best time to accumulate a stock is before a split. Because people pile on after the split and drive the price up. You can take that to the bank.
Kid- I am happy for you. Sounds like you made all the right moves. Hopefully, someday, I can have some of the same investing successes...............no thanks to LC and his band of merry men.
And look at me. 37 years with UTC and I am sweating running out of money in my old age with my frozen pension. Hopefully I will die sooner rather than later. I still hope LC's boat sinks.
If this thing drops 20, I will buy more. They have done stupid stuff and illegal stuff (Ill Wind) in the past and always recovered. The problem was that they always protected the CEOs / top men. I just hope that if there was shady stuff going on by individuals, they prosecute the individuals to the fullest extent of the law. The stock will probably go down but you get rid of all the garbage that smells and appease the prosecutors. I want prosecutions. If bad things went on, prosecutions are the only way these egomaniacs get the message. A true story about Lou Chenervet. When he was visiting a division and came into the lobby the guard stood and needed to see his badge - policy. Louie took his badge and shoved it up close to the guards face and continued on into the building. The guard told me this. It happened at Sikorsky. You can always tell the character of a person by the way they treat the help.
I have 2 sons in their 30's. Lived in CT all our lives. They went to UCONN. Neither of them live and work here and neither do allot of their friends they went to high school or UCONN with. There is nothing here to attract them. And those that stay, get taxed to the hilt.
Did you see that last line......".....the company may consider selling its Sikorsky helicopter unit". If they do so, they lose prestige but they get rid of a big drain on earnings. Sikorsky leadership over the past 10-12 years or so have squandered its leadership in the rotary wing market. At one time, they were, without a doubt, the best and perhaps the most profitable helicopter manufacturer in the world. Every time a S. President was relieved (they called it retirement), they walked out with obscene packages and layoffs followed. The rank and filed have taken severe hits over the same time period.
Former CEO of UTC questioned by directors on Chenevert, Chairman and CEO of UTC, remarks about the new Sikorsky Aircraft S-97 RAIDER helicopter during its unveiling ceremony at Sikorsky Aircraft in Jupiter, Florida
. (Reuters) - United Technologies Corp's former Chief Executive Officer Louis Chenevert, who retired abruptly, made a trip to Taiwan two weeks before his retirement to check on the construction of his yacht, the Wall Street Journal reported citing sources.
There were concerns among senior managers and directors of the diversified U.S. manufacturer about Chenevert's disconnect from the company and increasing focus on his private life, the Journal reported.
Greg Hayes is being welcomed by the Wall Street. He has great credentials and has been around and knows UTC cold. I think he will calm the seas and execute well w/o his ego getting in the way. The finance people all around UTC hold him in high regard. I am just glad LC is out.
He is the Wizard of Finance at UTC. I feel confident that spending under his guidance will be sufficient rather than excessive. There is a saying: "They only thing more expensive than spending on R&D is not spending on R&D". Just do not get carried away. I am very hopeful with Hayes vs. numbnutz.
This is killing me. If I see 120 within a couple of months, I will dump more. If I see 105, I will buy. The 105 possibility is looking more likely. I hope LC trips over his $172,000,000 package and , well, enough said.
Keep in mind, they will be announcing a dividend increase with the March payment. They have paid the same dividend for 5 quarters. The past 3 increases have been about 10%-11%. I would expect the same at the very least.
Cramer and The Street are not to be taken as legitimate stock raters. He is there just for the show and his own horn blowing.
Opele1 - I am not saying you are wrong but can you elaborate and give the instances you are referencing? It will strengthen your argument.
Kid- You are preaching to the choir. I agree with you 100%. Those instances you cite, I remember well. I always felt that if someone can violate the trust of their loved ones (JW, GD, et. al.). Who are we, as stockholders, to expect anything better. Power corrupts and absolute power corrupts absolutely.