Yes, I plan to sell before the end of the year since I need taxable income to qualify for the Affordable Care Act. I only paid a premium of $27/month this year with no deductible and $3 copay for PCP and $5 for specialist. No referral needed.
For some reason Ambetter sent me a check a few weeks ago for $1600. Apparently there's an issue with over charging. That wipes out my premium for last two years and then some.
You only benefit from the stock boost when you sell. A paper gain is not a gain yet. Honeywell was 21 in 2009. So when do you ring the register? Are you certain Honeywell won't start I a downtrend. Can Honeywell continue to raise dividend and do buybacks? Are you confident in Honeywell Leadership?
So that's why the stock went up so much yesterday...I thought is was due to the earnings report (which didn't sound that great). There's a lot of employees benefiting from the stock boost. Honeywell is currently up over 25% YTD.
Look how well stock buy-backs have worked for GE long-term. They just wasted tons of money when they could have invested it into actual business opportunities, or improve the situation of employees.
why is everyone seemingly to surprised at HW executive greed? now if Liz Warren has her way this'll all stop. ugh.
The stock buyback coupled with the earnings release tells me that Wall Street analysts don't understand this business at all, or don't want to. Aero revenue dropped 12% year over year, and if they were doing their homework, they would understand a big problem is the past due. That the individual responsible for that increase in past due is now the president of Aero should cause warning signals to all of them. The bottom line profit keeps increasing but that is driven by cost cutting which can't go on forever. This makes me think WS is simply drinking the koolaid that DA is pouring.
This is late stage action. They don't see a good enough return to invest back in the business or to invest in future business. They don't see big enough markets to go after or see it as too much work. They do buybacks to keep stock up - for the big institutional WS guys - they love this - instant gratification. It is called "taking cash out" of the business. (The IBM model. Can't last forever.) All WS cares about is stock price and cash. Like the dog and pony show today with earnings - just to give WS guys something good to talk about. They just need a good story to tell the big funds to keep them in Hon stock.
Stoke buy back only offers a short term boost and revert back with its effect nullified long term
Real story is that honeywell could find NOTHING that $3.7B could buy that they thought was worth more than their own stock. Interesting.
https://www.investopedia.com/articles/02/041702.asp
https://seekingalpha.com/article/4296424-honeywell-stock-benefits-buyback-program
The stock buybacks as approved by the board of directors have been going on for over six years and are nothing new. The primary benefit is to the shareholders like any other large corporation. Yawn...