This business, just spun out, was responsible for just 10% of HON revenues, but the market prices it’s stock at 25% of the remaining Honeywell. How did VK and SV let go of this profitable segment? Could they not see the potential?
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@b5 Agree on SV. Who made him a CTO? He has not worked on a Technical project in his entire working life. He was a managerial assistant to Krishna when the latter was building up the India organization for DC and some how powerpointed himself to the top.
@OP who the func is SV to make a decision on Solstice! Why Honeywell keeps this idiolt is a mystery. He and KD are the masters of growth symposiums that added zero dollars to our topline in the past years, they keep wasting millions for these events. Check their LinkedIn posts, these two cannot add any value other than event posts. If board can get ride of these two idiolts Q4 OI gaps will be closed without any major RIF. Even winning the nth place in symposium was not a satisfaction as the placement decisions were based on SV’s friendship with certain leaders. Shame on Honeywell!
Elect an another climate focused government and hydrocarbon manufacturing by any formula will be villainized. WHO knows maybe Freon is tomorrow’s asbestos and past sins will be prosecuted.
That goes for jet travel too.
Two words, fluoridated hydrocarbons
You have to understand that stock price is not equivalent to market value. Soltice has less stocks outstanding so market cap is only about 8 billion. Honeywell's market cap is 124 billion.