Seems to me that UTC is doing anything and everything to make the numbers and keep the stock rising. Hopefully they will get it right. Maybe they can even stop laying off people some day in the near future.
My biggest mistake this year was lightening up on my UTX stock. I did good but not excellent. If UTX continues down a few more points, I may buy a bit. Bottom line is that this sh*# going on in DC will eventually end and things will get back to "normal". UTX earnings will suffer, no doubt. But they will get back in the grove and deliver. I hope I get the chance to load up!
Want2bik - You are probably much more financially astute than me. I will give you that one. For my benefit, can you please educate me.........With all the debt we have, how do things get better if we go further into debt by raising the ceiling? You are much smarter than I am and I know you have the right answer. Because, if it is better for the country to go further into debt, than I am going to do it also in my own personal finances. Thanks in advance for your advice.
CTB- You got it wrong. I am not worried about the state of "politics". Politics do not change. Remember this quote (not mine): In politics, the first casualty is truth". I AM worried about the state of the "Union" because of politics. As far as being and effective market commentator, keep this in mind......There are dozens, if not hundreds of market commentators out there. Many say the markets are going way up and many are saying just the opposite. And, many are considered experts in their fields.
In my opinion, Sikorsky has been bending the Canadians over for about 9 years now and hurting them bad on this contract. I knew people in the DND when I worked at Sikorsky and they were peeved at how bad they were getting screwed. The only reason S got this contract was because of how well the S-61s performed and were supported. The Sea Kings were the best H ever to be produced by Sickorsky. It looks like the Canadians are fed up with S jerking them around. If I were Canada, I would sue the s*%# out of them for all the money back plus penalties. The program managers and responsible VP's should be canned. Sikorsky is like the stock market....past performance is no guarantee of future gains or something like that.
Canada could scrap C$5 billion contract for Sikorsky helicopters
OTTAWA, Sept 5 | Thu Sep 5, 2013 5:57pm EDT
(Reuters) - Canada could scrap a C$5 billion ($4.8 billion) deal to buy maritime helicopters from United Technologies Corp's Sikorsky unit, the government indicated on Thursday.
I wasn't that close to it, but this is my opinion............ there were "partners" involved that had to deliver sections. I guess it was "more economical" to subcontract and go offshore. Good luck with that one. S had the expertise right in house but they wanted to "save money". The Canadians may never come back after this f' up. I think you can blame Pino for this one. But, he got his millions and left.
I can't leave you people alone for a week! I go to CA for my son's wedding and I come back to find out you drove UTX stock up $5. I don't know if I should stay here or go back to CA for a few more weeks. I was in a Ferrari showroom just yesterday morning in Newport Beach. If this keeps up, I may be a legitimate customer by close of market August 2015.
I am an old folk and I think the fed has done pretty well. I do not want to get 6% on my savings because that would mean that mortgages and other types of loans would have much higher interest rates assigned. That will slow things down. I remember getting 13% on CDs. Problem was, mortgages were about 2-3% higher and defaults were very high also. People have to live within their means, not mortgage their a$$es to the hilt and be fiscally conservative.........like our federal government....LOL!!!!
Kid- In keeping with all fairness and to be a great American according to those standards set forth by our magnificent president, you should take some of those great gains and spread the wealth to the unfortunates in our country that have not been able to find any work for 10 or more years and who are having medical issues due to all their tattoos and piercings. If you give away half your profits, you will still be ahead 13.6% YTD on the 401 and 23.6% YTD on the brokerage account. C'mon get with the program! Don't be greedy.
Kid- I agree that this Pres is very divisive. And the only criticism I have of you is that you use very big words like "egalitarian" viewpoint. I guess I will assume it means the viewpoint of an eagle and we all know they have 10/10 vision. Also, My 401 is "only" up 13%. I was going to donate the second 13% to all the downtrodden with the tattoos and piercings. Now I can't!
Want2bik - Do this math...I have $1,000,000 and you have $50,000. We put it in the bank or we buy stock with it and we get a 2% return in the bank or a 10% return in the market. If I make $20,000 from the bank or $100,000 from my 10% market return, does that mean I have to give you some of my money because you did not make as much as me. Suppose I lost 10% in the market. Would you help cover my losses? Go work 2 jobs for 28 years like I did and save your money rather than complaining.
Wow! United Technologies details impact of shutdown • 5:33 PM
United Technologies (UTX) says the government shutdown means DCMA inspectors will not be available for audits and approvals of military products and as such, "certain defense manufacturing work must be halted, which will result in employee furloughs."
Specifically, UTX will place ~2K Sikorsky workers on furlough starting Monday and will be forced to furlough employees in its Pratt & Whitney and Aerospace Systems businesses if the shutdown drags on through next week.
Should the shutdown somehow be allowed to continue into November, the number of affected employees could exceed 5K, the company warns. (PR)
Suemoe- It goes back to the golden rule - He who has the gold rules. I do not have a problem with any corporate exec making money if he or she creates jobs for workers along with value for stockholders. It is called capitalism and (no pun intended) it works. Problem is, there are very few leaders in corporate America or in government. Your socialist president wants to take your money and pass it around to lazy people. That doesn't work.