The price paid for Sparta makes no business sense. At a time when many parts of the business are struggling, this deal is a slap in the face to employees and shareholders.
11 replies (most recent on top)
@4yop+18AZehWm On the other hand, you don't need to be a race car driver to recognize fiery wreck against a walls.
@3swl+18AZehWm is spot on. I've been posting on this site for years. Most comment are just to agitate people. I also find it funny that posters on this site think they know more about how to run a company when they have never been in a real job.
To ehWm, Enron was a $70 billion company until it wasn’t.
Clearly the mo–ns posting on this board know more about creating shareholder value, acquisition goodwill, and strategic inorganic growth than the leadership of Honeywell. That's laughable.
Despite post after post declaring that Honeywell is dead on arrival, the company continues to grow and thrive. Shareholder value has doubled since March.
Quit pretending like you know how to run a $147B market cap company and go back to work.
The acquisition of Sine made me laugh. Look up the Latin translation of "Sine"!
HON has tried to do business in the 21 CFR Part 11 space before and failed. It’s an expensive business area because customers push their vendors for traceability and quality data that they in turn can use in their FDA audits and validations. Pharma customers in particular want to get deep into development processes, documentation, testing data, etc. You just can’t hide behind BS for very long.
You people still think honeywell exists to make good products. Wrong. Honeywell is a machine for extracting money and sending it to major stock holding financial groups. Products and people don’t show up in the equation. This is a strip mining outfit.
In the past 9 years, Aerospace acquired 2 companies (EMS and COM DEV) and ran them both in the ground. The previous post is correct as it is all for show to Wall Street because Honeywell cannot grow organically. They acquire these companies and immediately layoff their employees and now both companies are shells of their former selves. Aerospace spent all that money acquiring these companies and now the revenue of these companies are less than $40M a year in total. In addition to destroying 2 great companies, Aerospace leadership ruined many lives due to layoffs and having the remaining employees work in dysfunctional culture.
Everything is for show- metrics, progress reports, trainings- empty, hollow, without value - to justify their existence (jobs) and so called 'savings'. Management don't listen to the people doing the actual work. How can they- they don't even know and understand the work being done. Constant reorg to bring in cheap labor and get rid of US workers. What do you expect?
and another coming year with no raises..
HON does not know how to grow a business, so let's over pay and destroy a new acquisition for press releases.