Honeywell

What's going on with this former Industrial superstar

It’s a rite of passage for a new retail trader to lose money on Boeing. Every new market participate has looked at Boeing, said to themselves ‘hey its a monopoly supported by the US government, it can’t fail’. Which is most likely factually correct. It might not be allowed to fail; it doesn’t mean management can’t screw things up. Creating a loss of value in the shares. Hence, new trader loses money. In fact despite massive increases in worldwide travel and more planes in the air ever year, Boeing is flat over the last decade.

Even with that pancake chart, even with the past history of burning investors, even being the largest company in its space to not pay a dividend, even knowing that management can’t get out of its own way, people continue trying to call the bottom on this industrial. Often ignoring the rest of the space while doing so.

Well today’s piece is about another large cap industrial, one that also has been flat over the last half decade. One that still engenders goodwill for many investors even with those abysmal returns. Honeywell.