Just profits, no growth
https://finance.yahoo.com/m/cd3d845a-54d8-3ac9-8faa-51e6494e3d69/this-dow-stock-is.html
8 replies (most recent on top)
This is what Ally signal is notorious for. Gutting the company.
Just before it implodes, they’ll merge with another company. Sell it off or spin it off. It will be in such bad shape. The division won’t survive. You tell me I’m full of it. Look at Resideo.
They lost most of their contracts. They laid some of them off. They had to come back to my division to get a job. Yet! They’re not smart enough to know that history is going to repeat itself. My division is going down the same path. A path of destruction.
HW treated Intelligrated as another widget manufacture which it is not. Intelligrated is a project business with cycles align to the customer peak periods. HW assumed process and procedures are in place so any new hire can step right in and not miss a beat. They are wrong again. In this type of industry, your assets lie in the individuals experience, knowledge of the business, knowledge of the product and knowledge of the customers.
Another case of the worker being roped by the Wall Street Huckster. "Offshoring we will go."
Bottom line, they have been aggresively scalping the company for close to a decade to short term fill executive pockets, it is an ongoing heist and Wall Street is only just barely waking up to it.
They have been financially robbing you all through furloughs, sub market below inflation merit increases and forever decreasing, bare minimum benefits to meet their targets for executive bonuses.
They have been robbing the future of the company by destroying it's capacity to grow by cutting every aspect of operation. They have been pushing high quality/experienced workforce out and replacing them with fewer, cheaper, low quality personel. They have been dismantling R&D and functional operations with the premise they can just grow through mergers and aquisitions.
Well M&A's only work if you have a great system and teams in place to manage them and they have destroyed this capacity as their past track record has proven.
Unfortunately it will now cost thrice as much to get you back to where you were previously. Honeywell has not just stalled in growth it has significantly contracted and when the consequence of this hits, it will hit very hard and that time is fast approaching. By then there will be a lot of individuals running off into the distance with very healthy retirement funds.
Yikes someone got the literal strategy cliff notes and published it in Bloomberg!
Son in law will be replaced by thanksgiving if not by Halloween. How many of his mentees also survive is anyone’s guess
To summarize - defer/eliminate investments in new tech to increase margins. [While this will undoubtedly benefit shareholders in the short term and executive bonuses, as a longer term strategy it will fall. If you have HON stick in your 401k you might want to cash out. Doubly so if you think we are headed for a recession]
Why don't you do right, like some other men do
Get out of here and get me some money too
Ruh-roh. Isn’t growth the responsibility of the son-in-law?