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Honeywell International Inc. Message Board

matu92 1 post  |  Last Activity: May 6, 2013 9:48 PM Member since: May 6, 2013
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    Lots of insider activity this week

    by richardparks200 Apr 26, 2013 9:58 AM
    matu92 matu92 May 6, 2013 9:48 PM Flag

    Very true. From an employee view it looks like Cote has done all he can do to maximize price and squeeze out every dollar so the can fund his political campaign from his holdings- either elected or cabinet. Stupid things being done over in Aerospace (of course), where they continue to make money in spite of themselves. They cut 33% of IT staff - probably to offshore it, while adding 4 new vice president spots in their purchasing organization. Now have VPs reporting to CPO/VP reporting to another VP. That sounds efficient! Leave it to Slomke (another VP) to come up with a plan like that. TS keeps touting its growth in Europe while the sales and profits continue to decline. Talk about a company that believes its own press clippings, this is it!

    Sentiment: Strong Sell

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