Thursday, February 11, 2016

Seeking Alpha: Circling Back, Honeywell Still Looks Too Cheap

After a pretty typically Honeywell (NYSE:HON) quarter, I'm a little surprised that the shares are as reasonably-priced as they are. Although the market is pretty lousy right now, Honeywell is the kind of stock that I'm accustomed to seeing trade above, if not well above, fair value due in large part to its (rightly) perceived quality. And yet, the shares still look around 5% to 15% undervalued.

Although Honeywell is not likely to be a dramatic outperformer, I think this is a pretty good price to acquire shares of a company that is more than just "pretty good" and could be a cornerstone holding for patient investors.

Continue here:
Circling Back, Honeywell Still Looks Too Cheap

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