Summer Sale
50% off Premium Yearly
Opinions James Thorne
Honeywell InternationalHONCOMMENTJun 16, 2016
Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
You might be interested:
Very liquid large cap stock. Excellent business fundamentals. Strong management team. Current share price presenting lots of value. Good for defensive investors. Expecting 4% organic growth annually. Sustainability business in high demand. Energy space also presenting opportunity. New CEO also making positive changes.
James Telfser
Believes prospects business very strong.
Current share price very high - wait for shares to fall before buying.
Excellent fundamentals in business.
Strong assets with high quality management team.
Business assets hard to replicate (aerospace etc.)
High margins with excellent revenue growth.
Trading about 25x earnings, fairly close to its historical average. Because of this, multiple won't expand so you're just looking for earnings growth. Still a bit rich for him. Very defensive attributes in this environment. If your heart is set on it, watch and wait for a pullback. He prefers RTX right now.
A wonderful great company and a great theme. Value stocks have underperformed growth stocks in the US for about 8 years. If interest rates do not go up, value names are going to outperform growth names. Stocks like this are growthier companies, and even though they are wonderful strong stocks, they will basically be a source of cash when the big pension funds and big banks start to allocate money away from growth names. As long as you are okay in hiding out in this, it is still a wonderful long term hold. Dividend yield of 2.1% is not enough for him.