One has to wonder how many job are or are going to be lost by all this cost cutting. Morale will be hurt and new product development wil slow down as people leave the company on their own or thru terminations.
Look at what happened in Detroit Michigan and Wayne County Michigan with their pension liabilities. They have to funded for the long term. And if they're not, well you know what happened in Detroit and Wayne County. And you know what happened to pensions at Honeywell. They're now 401-k's. Pension liabilities can derail the purchase of a company by another company. Maybe Honeywell will convert those pensions into 401-k accounts. Big money saver for Honeywell and other big corporations, not so good for those who depended on the pension when they retire.
Honeywell clainm that the pension liability is 4% of the purchase price. But they didn't state this until AFTER the purchase was completed. In otherwords, the stockholders are on the hook for thee pensions.
Cote and company forgot to mention the large pension liability that goes along with this purchase. They'll probably give some excuse for not reporting this to cover their butts. Typical Honeywell.
A fool and his money are soon parted. Just look at the current Honeywell stock price today compared to a month ago. You people should of sold then. As the old saying goes: What goes up will come down; but how far down?
Yes, because the company has too great of an exposure in Europe, Russia and China whose economies are slowing. This will translate into reduced earnings for the long term, therefore a lower stock price.
Looks like it's getting closer to its 52 week low. Remember: Buy low, sell high...which is just the reverse of what you did when you bought this stock