I don’t exactly think that Honeywell (HON)
is undervalued right now, but it is probably about as close to
undervalued as I’m going to find in the large-cap multi-industrial
space, or at least outside those stories that need significant
self-improvement. With good growth in safety and productivity, ongoing
growth in chemicals, a recovery in process automation, and improving
conditions in aerospace, 2018 should be a pretty good year for
Honeywell. What’s more, the company’s upcoming spin-offs should improve
the overall long-term growth outlook and Honeywell has more than enough
liquidity to make a significant strategic acquisition or two. Like I
said, this stock is not cheap, but the implied return is a little more
palatable than for many of its peers.
Read more here:
Honeywell Looking At Improving Markets And Strategic Options In 2018
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