Want to get them back? There are thousands of Honeywell employees with HON stock in their 401K plans. After dividends are payed on Dec 9th we should all sell our stock before Cote can cash it with his big exit bonus. With the way things are going, it won't be long before the "empty tank" becomes evident and the stock value goes down anyway. I know I will sell it off.
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You shouldn't get rid of the stocks because you hate the ceo. You should get rid of them because they will crash big time in the near future. The analysis is a pile of sh-- and you guys are all idiots for believing it. You work here, you know what's really going on, the real analysis. When this company is downsized, broken to pieces and sold...how do you think stocks will do? Doesn't take a genius. Everybody should think with their heads and do what's best for them in the end.
I've seen the same mentality at our company, a competitor of HON. I'm at PH and since our new CEO has taken over there's been multiple plant closures and downsizing of the experienced workforce. Some are looking at a class action suit of possible age discrimination. But he's got his wish of driving up the stock to please wall street and inflate his bonus & stock options. Though it still helps to hang onto the stock for current employees I know of a few who where let go who cashed out and may have regretted that long term. But once you feel like the company treated you like Sh%&*T you make some bad decisions.
Sadly no respect anymore for people who dedicated there careers to a company, and now it seems where getting some of the castoff managers from HON. Unfortunately there not the cream of the crop....
". . . GROW A BACKBONE. . . ."? Let's think about it. Those who want to dump the stock just because you hate CEO or HON, then GO AHEAD DO IT, DON'T JUST F....ING COMPLAIN. DUMP THEM. I was RIF'ed last Jan 16, by the way. But I just don't dump stock before reading the analysis.
Left Honeywell 5 months ago due to poor aerospace upper management, "in the club" mentality of site level leadership (see Clearwater) and overall lack of support for my hard work as a manger; after reviewing these blog entries I cashed in my Honeywell stock and transferred it to my personal 401K plan. Word of advice: get out of this horrible company, there are better jobs out there if you are willing to make a small sacrifice.
As to what "The Street," "MSN," and "Fidelity" say: who has a better view of the company? Someone on the inside seeming missed sales, poor management choices, departures of talented leadership below the "c" suite or someone outside looking at the spreadsheets? And even if those analysis sites are right, this site is about layoffs which will almost always benefit the stock price UNTIL THEY DON'T.
You do need to do what is right for you and if that is to continue to fuel the short sighted, anti-US worker, Wall Street focused behavior of Dave Cote, then by all means, hold the stock. Honeywell has an $86B market and it likely will not be felt. I mean, you might as well concede your principal since you don't think the company will feel it. That's what I teach my son any way. "Well honey, your vote isn't going to count, so go ahead and don't vote."
I am by no means encouraging to you cut off your nose in spite of your face, but good grief: GROW A BACKBONE. There are at least 50 other companies you could buy direct stock in and get similar results while not having the company kick squarely between your legs while you reap those "benefits."
You really have to look at the long term forecast, price per share, earning per share, beta, total return, etc, etc. I am not a financial professional but I think I understand those concepts enough.
WHY
Do not sell HON stock just because you hate the CEO or HON. You want to do what best to you. Before you sell HON stock, read MSN.com, Money section or Fidelity.com, for example, type in HON stock symbol. Read the profession analysis. From what I read, I do not think I am selling HON stock for now.
I'm not so sure it would matter anyway. I don't think employees with $$ in the HW 401K even actually own shares of stock. To my understanding they would be invested in a very low cost fund that mimics the price of HW stock.
No let's just all call in some Friday preferably at the end of the month
The ex-dividend date is next Wednesday, you don't have to hold it any longer than that to get the dividend. It's a nice thought but with a market cap of $86B there's not much an employee selloff could do to upset the share price. I do agree that the shares are overpriced but if H sells its aero component there could be a surprise jump in the price.