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@9tmc+1vs8x6z8 On point. It is going to happen. It has been strategized internally since 2021.
Darius and VK get the benefit of using complexity as an excuse. Also I think VK fears he will get stuck running the “Automation” business because Aerospace already has an executive structure in place.
I called for break up 2 years again after UTX and GE started the process.
The frustration was evident during Q3 Q&A. The pace of change under VK is abysmally slow, and no one is buying the megatrend restructuring. Time is running out.
Parasites and empty suits have roped the workers and offshored the jobs ... the canker of Welchism.
@1flp+1vs8x6z8 BUT.....they are bang on the money with this one. Wall street agrees and the employees CERTAINLY agree! It is so obvious where this is going.
just ask southwest airlines about elliot. powder huffing trouble makers who just want public fights so they can profit off the mess. full of enron people
Advance Materials spin-off, PPE sell-off, Aero and IA separation. That leaves only UOP left. Poor UOP.
Accelerator for activist investing lol - I still think HON will reach $400/share before all of this breakup is final.
For at least 15 years, Honeywell's "leaders" have cut costs and stifled innovation to prop up the stock price and pad their bonuses, including using some very "grey" accounting changes and one offs. I'm surprised it didn't catch up to them earlier. Ultimately this has led to underperformance and the call for a break-up. COVID only postponed the inevitable.
And to think of all the time, energy, and money poured into Accelerator. Elliott is saying what most internally always knew: it was a giant waste and a drag on value.
Break it up and run pure-play businesses. It should not have been this hard to understand no one wants to buy their hvac controls, refinery, and jet avionics from the same vendor!
@mdf
5 years lines up exactly with the reign of DA and John Boy and others. Those guys were the worst thing that could have possibly happened to Honeywell. I think VK is doing a decent job at trying to recover from a disastrous situation that he was handed. He may not be the right person in the end, but he sure is better than the narcistic guys before him. There is much pain left for those that desire to continue working for Honeywell. Me on the other hand, I really don't care anymore. VRIF me please.
Ahahaha......Elliot pointing out exactly what everyone has been saying on this board for the last 5 years.... ie. the company is a complete mismanaged stinking mess!
A huge management/personnel weed out and simplification is exactly what is required!
Splitting in two makes total sense, I hope their stake gives them the muscle to achieve this as it could save Honeywell and make the remaining employees a lot happier!
A certain group called it all out on year 2-3 years ago and EVERYTHING has unfolded as they predicted.
It's already on the cards.
Honeywell execs ran IGS into the ground and offshored manufacturing, supply chain, and many engineering functions to soften the financial blow of their bad decisions. The ineptitude of the stooges placed in positions of authority is reprehensible, unforgivable, and unsustainable.
Today’s business model doesn’t work and everything is a cost play to minimize the downward spiral, but there isn’t much more that can be cut / offshored / cheapened without total collapse.
Divide and conquer
Looks like the rooftop reduction plan has a new target -> Charolette North Carolina. Waste of resources and major under performer.
The conglomerate structure that once suited Honeywell no longer does, and the time has come to embrace simplification.
In order to realize its full potential, Elliott recommended that Honeywell pursue a separation of Aerospace and Automation. Both entities would be sector leaders and be better positioned to thrive operationally, serve customers and employees, and create long-term value for shareholders.
Can't disagree with any of that :)