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Opinions David Burrows
Honeywell InternationalHONPAST TOP PICKMay 23, 2017
Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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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 Top Pick May 25/16. Up 18%.) In April and May and June 2016, a number of sectors turned up relative to the market. He went from sectors that were driven by monetary policy and low interest rate that were doing well, to sectors that were driven by earnings and economic growth. Industrials have been a key theme for him over the last year. Capital spending is picking up in the US. This company is part of the Internet of things.