It should just keep doing what is has been doing since the failed takeover by General Electric (NYSE: GE) in 2000.
David Cote built a company that is the model for the industry. Only five years ago, its profit margin was just 9%. It has doubled since then.
Honeywell’s stock has also outperformed its peers by far. Over the past five years, it is up a respectable 80%, not counting dividends. Using the same criteria, United Technologies has been stagnant with a mere 15% gain. And even GE is up only 37%.
“A big deal that goes bad can ruin a company,” Cote told Fortune magazine in May 2012.
He should take his own advice and walk away.
This article is brought to you courtesy of Tony Daltorio from Wyatt Investment Research.