Honeywell Int'l, Inc. (HON) Message Board

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Non-Tech : Honeywell Int'l, Inc. (HON)

HON 201.33

+0.6%

Oct 31 9:30 AM EST

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From: JakeStraw	12/10/2009 7:56:37 AM
	of 58

On Wednesday, [Cramer] spent time with Honeywell International’s Bob Cote, the main driver behind HON’s 23% rise in share price since he took over in 2002. The S&P 500 is up just 0.6% over the same period. Cote saw the global economic meltdown coming, Cramer said, and took measures to protect his firm. As a result, Honeywell was profitable last quarter despite 10% to 30% declines in demand. Just think of how well the company will do once the recovery is in full swing. Oddly, though, the stock is trading at 2001-2003 down-cycle levels even though the underlying business is much better today than it was then. Cramer sees that as an opportunity to get HON at a great price.

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