Did your HPD review include losing a billion dollars in Q1?
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Elliot has not had the impact that Blackrock, State Street, and Vanguard have had on Honeywell over the years. Elliot has only pointed out steps to be taken to improve Honeywell's stock price. I think Elliot's input will be effective in the end. Honeywell needs to rollback their investment in DEI. Not completely eliminate it, just not emphasize it to the point of detriment to Honeywell.
Elliott Management took a large holding of SouthWest Airlines share, and then asked SouthWest mgmt to stop the Bags Fly Free policy and to charge for seat assignments. So SouthWest passengers have rebelled and share price has gone down.
I am sure the past is no indicator of future, as HON mgmt follows Ellicott mgmt advise, instead of actually trying to learn how to effectively run the company.
You shouldn't worry about Elliot management. Except when he reorganizes the company and implements shareholder return.
I got news for you. I spent a lot of reorganization within the factories. They are going to put people in place. Who know how to increase shareholder value.
You better get your suitcase ready.
HON represents 6% of their portfolio if they are still invested. I wouldnt worry about them