Maybe it is doing the right thing via all these cost saving measures?
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IBM - what do they do now? I have no idea other than stock buybacks and dividends. The pile of cash from selling everything is dwindling and the stock is on a slow morphine drip.
Sears - The hedge fund guy that took them over immediately said we are a real estate company and then started selling assets. Not much left there and stock reflecting it - after it made that parabolic rise when this guy was just starting. Just a couple examples.
Someone mentioned GE, same story there- Welch had a 15 year yard sale. He got the cash. Stock goes way up then crashes and hasn't come back. Sound like Hon?
WS doesn't care, they will lie - they hire people to make up stories to try to keep stock up, they try to put fast $$ in their pockets and then they quit, lay off, fired, whatever. Blankfeind and Diamond don't care about their employees either - they are billionaires and fewer and fewer employees work there.
The right cost saving measure would be to get rid of the eight layers of band 4 and higher managers and their bonuses that add zero value to producing goods and services. All that has been done by these fools is reduce cost by terminating the people that know what the f@#k is going on and then trying to offload the work to people on the other side of the world with no experience who make $25 per day. Not so good, Al. Good luck with your investments.
I call complete bullsh1t on declining sales and increased profits. The so called profits are nothing but a giant shell game that cannot last.
Yeah. Remember Enron, anybody?
If stocks are so great why no raises in 2013 and 2016? Why the constant benefit cuts?
Farmers become rich by selling their family land. Within two generations the family fortune is gone. This is what honeywell is doing. They borrowed against the only real assets they have.. people.. in a bet that they can make good again in the future. Ge made the same bet and it hurt them deeply. Verizon is on this path right now as well. Think about the drivers behind current employees who post negative product reviews on glassdoor and amazon each day on their own work products? Honeywell leadership consistently puts all risk on the lowest level employees.. employees pay for that stock boost in uncompensated overtime and steady erosion of promised benefits. If stocks are so great why did my pension get frozen in 2015? Theft and graft.
White stain
Debt is money thanks to the "Two Party Corporate 3 Branches" and Corporations like Honeywell:
http://www.usdebtclock.org/
$106 TRILLION in unfunded liabilities.
ALL stocks are up. Trump trade. Hard for any stock to not go up. When you print $4.8 trillion and give it to banks and they make no loans, where do you think it goes? 1st executive figure out how to put some into their pockets -salaries and bonuses. Ten Options and stock buybacks. Then a lot of this money flows into stock indexes. No one can make companies hire people, but you can push the button and get the markets propped up. Every dip gets bought up. It will not last for ever, this is late stage action. 1 trillion has been spent this year already to buy treasuries. It is a game for the insiders. Great quarter for HON if you think lowering the bar to step over it means good quarter. All Dave has to do is have a good story for wall street. They work on it together. Try to s--- in middle America. Dave is leaving, nothing left for Darius. Take a look a insider activity - see any executive buying? They are selling into the rally. In 2000 GE was 70/share, Jack Welch was CEO of the decade. 17 years later it has rallied to 30. Be wary the same could come to HN. What is left for Darius?
OP Maybe you will get it in the next RIF and drive the stock higher.
Great news for shareholders!! Didn't hear anything to get me real excited as an employee.