Thread regarding Honeywell International Inc. layoffs

Not my problem.

Not a problem. We will get rid of more people. Which will increase stock.

We will automate everything we can. Unfortunately with the students from colleges and universities. Which Honeywell hires. Will definitely get more people that get F for grades or D-. Because they haven’t been able to get one to run yet, the smart ones won’t work here.

Where is Daruus and MM performance review...a 9 in the Block.
PIP them!!

Good.

This is actually a good news. Investors are not as d-mb as what we think. They clearly do not value the industrial software company BS with their own money. Time for a new CEO with better vision to drive the growth, rather than following GE Digital like an emperor w/o clothes

Honeywell stock was placed on sell recommendation back at q3 results by SeekingAlpha, Baron's, Forbes, and others. Best upsideci could find was $236 range and even there the risk reward isnt there. Likely to visit 280-290 range before interest picks up.
Sell,sell,sell.

Come on man! It was .79 percent for the year.

Aero is impacted by international travel, domestic has improved as planes are packed again

But then, isn't Honeywell latest pitch to wall street as an industrial software company, as a Microsoft or google wanna be? They are doing well covid or not.
Just wait though, if u are here in the next 3 to 5 years (not me), there will be a new pitch to replace industrial or whatever the marketing consultant offers
Look, future shaper has already been over shadowed by the accelerator. Perhaps the next fad may be warp speed? Lol.

Poor stock performance is perfect justification for the 2.5% merit increase we are all about to receive this year.

Its reduced air travel. If nobodies flyin, nobodys buyin. Aero is the major revenue source, thus the belt tightening and effect on stock price. Less new engines sold, which is the future revenue driver, and less repair and overhaul, which is the big current revenue driver. When the covid restrictions go away and the public starts flying again, Aerospace companies and HON will turn around. In that environment, cost reductions and efficiency improvements are the only levers they have to fight the market pressures.

I hope it goes to ZERO!

I left via RIF in the Covid waves. Took my 401K and stock grants and cashed in. Probably not the best move since HW is up big from then. Lesson learned- It's just business don't be emotional with your investments.

Post ID: @vmw+1ezxCn9v

Is there a point?

rofl
Love this forum.

#5 is completely unacceptable performance. I want Mike reassigned to a special tiger team to ensure we are ranked number one within the next 90 days. No pilot projects here.. seize the best ideas and get it done. Make sure you video as you go for the accelerator module so we can teach everyone how to be NUMBER ONE. Mike? Did you get that Mike? I think teams has frozen again...

If aero is 30%, that’s a pretty big percentage for a division they are absolutely destroying. There has been an incredible exodus of talent in the last 2 years from aero. Contracts are in danger and if they loose a few more key ppl they stand to loose millions. As a key player in that I am myself ready to walk if I don’t get a good raise and good review for all the hours and stress I have put in saving programs from the loss of talent resulting from horrible leadership. I am going to be working LinkedIn the next few months so I am ready to leave if they sc--w me again.

@in1+, aerospace is only about 30% of Honeywell’s business.

@OP and yet, we still probably could have made money dollar cost averaging our bi-weekly company match if they had not have gone to the yearly lump sum.

Doesn't this have to do with low air travel due to the pandemic? Boeing is also down. The avionics business lags the general market in down times. As much as I'd to pile on and blame poor management, it has been doing well in previous years. Glad I'm all in on the S&P... that's Warren Buffets advise.

Honeywell is #1 in the worst run companies, followed closely by GE. But, the current Jack Welsh disciples that run the place use it as their personal cash cow and f@%k everybody else.

September 30, 2021 593.00M
June 30, 2021 980.00M
March 31, 2021 755.00M
December 31, 2020 1.335B
Honeywell has done $4.42B (that's billion dollars) in stock buybacks in the last 12 months and the stock went down 2%. There's an underlying problem with that.

Hon done 5 billion in stock buy backs in 2016 while Glendale Space had 3 waves of layoffs that year , and not forget the furlough and pay freeze. The stock price increase had nothing to do with that. Remember , Trump came into office.

I think investors have started to notice that even though Hon has been profitable, they aren’t cutting it in sales/revenues. You can only play cost reduction so long before you end up with a hollow husk of a company.

And keep in mind the poor stock performance is in spite of years of pouring money into stock buybacks.