If
Tyco's
(NYSE:TYC)
first post-split quarter is any indication, this is going to be a
conservatively-managed company focused on smart growth and steady
operating improvements. Although a global recovery in commercial
markets would be a big help, improving cost efficiency and takeout
chatter is likely to buoy the stock in the near term.
Closing the Year as Expected
Although
Tyco's fiscal fourth quarter report was pretty messy from a GAAP
standpoint (due in part to the split from ADT
(NYSE:ADT)
and the flow control business (since merging with Pentair
(NYSE:PNR)),
it was basically in line with expectations.
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