One of the reasons that conglomerates often used to carry discounts to
pure-plays was the fear/belief that management teams struggled to keep a
careful over all of the moving parts of the businesses in the stable.
In the case of United Technologies (UTX)
I can see the point. While UTC looks to be in excellent shape to
benefit from the ongoing commercial aviation upswing, I do worry a bit
about businesses like Otis and Climate Control.
Please click here for the full piece:
UTX Looks Like A Bargain, But Share Loss Is A Worry
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