As multiple short-cycle industrial sectors appear to be slowing, Honeywell (HON)
looks like a pretty good option going into 2019. This conglomerate’s
third-quarter earnings had a lot of moving parts, but the aerospace,
safety, productivity, automation, and specialty chemical operations all
appear to be in good shape, and the company continues to make progress
with its free cash flow conversion. With management taking renewed aim
at fixed costs and very likely to deploy significant capital into
additional M&A in 2019 and beyond, I like Honeywell’s positioning as
both a shorter-term safe haven and longer-term winner.
Read more here:
Honeywell Looks Well-Positioned In A More Uncertain Environment
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