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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