Did anyone notice in the 10-q that R&D got moved under SG&A? Is that just to make the op numbers look better or is it to make chopping R&D easier as an administrative expense?
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Yes they have been moving expenses between cogs and sga for a few quarters. All to flatter gross margins which are in free fall.
Rezi doesn't have a real R&D...
Otherwise real products would be out... not rehash of honeywell