“Ted Weisberg on Energy, Market Breadth & META Buy Opportunity”
HONA is fundamentally sound despite recent earnings misses; the sharp decline creates a buying opportunity at current levels.
why do you consider it a profitable company? H.W.N.A. Well, the old "Honeywell" split into two separate companies about 6 months ago. One of the two companies is Honeywell Aerospace, H.W.N.A.
When the split occurred, the stock was trading at over $200 per share. Then they announced terrible profits for two consecutive quarters, causing the stock to plummet . It is currently trading in the $150-$160 range, I believe.