(04-03-2020, 08:13 AM)Binary Wrote: [ -> ] (04-03-2020, 06:57 AM)divmenow Wrote: [ -> ] (04-02-2020, 11:03 PM)Binary Wrote: [ -> ]Those of you who own UTX - what are you going to do with the two new spinoff companies?
I didn’t own UTX. Only owned RTN and have a big position in it. Now I get 2.3 shares for every share I own in the new company RTX. I plan on adding more shares as well in the new company. Long term this will end up being a steal. But in the short term I will just have to be patient and look ? away lolÂ
I believe the CARR share should open a bit above $13 a share. I will watch and see where it goes. I like that part of the spinoff. It’s a good business. The Otis division I will stay away from.
Did RTX communicate anything about their dividend policy?
Not since last summer to my knowledge.
The combined merger will have over 7 billion in cash and positive cash flow. Once it goes under $50 I’m a buyer. Long term this has now become my #1 stock to own for the future, Great interview with Greg Hayes.
I bit lol
New position in RTX and added to PSX, EOG, and T, and STZ
Anyone own STZ?
Constellation said Corona Extra sales grew 5% in the United States in the four weeks that ended February 16. That’s nearly double the trend of the past 52 weeks. Corona’s sales are heavily dependent on the US market, unlike some of its far-more-international rivals. Alcohol doing well
(04-03-2020, 08:51 AM)stockguru Wrote: [ -> ]I bit lol
New position in RTX and added to PSX, EOG, and T, and STZ
Anyone own STZ?
Constellation said Corona Extra sales grew 5% in the United States in the four weeks that ended February 16. That’s nearly double the trend of the past 52 weeks. Corona’s sales are heavily dependent on the US market, unlike some of its far-more-international rivals. Alcohol doing well
Hard to sell a product that is no longer being manufactured:
https://www.reuters.com/article/us-healt...SKBN21L0F2
(04-03-2020, 08:51 AM)stockguru Wrote: [ -> ]I bit lol
New position in RTX and added to PSX, EOG, and T, and STZ
Anyone own STZ?
Constellation said Corona Extra sales grew 5% in the United States in the four weeks that ended February 16. That’s nearly double the trend of the past 52 weeks. Corona’s sales are heavily dependent on the US market, unlike some of its far-more-international rivals. Alcohol doing well
I predict you will enjoy your Raytheon ownership more the Divmenow or I have.Â
 I am curious about the dividend. They implied it wouldn't be decreased. Spinoffs complicate it. I'm sure they didn't send CARR and Otis on their way with P&J sammitches and $5 in cash lol. I think it will be a little better than RTN was paying.     Â
I saw that Corona article last might. It's temporary of course.
(04-03-2020, 09:21 AM)fenders53 Wrote: [ -> ] (04-03-2020, 08:51 AM)stockguru Wrote: [ -> ]I bit lol
New position in RTX and added to PSX, EOG, and T, and STZ
Anyone own STZ?
Constellation said Corona Extra sales grew 5% in the United States in the four weeks that ended February 16. That’s nearly double the trend of the past 52 weeks. Corona’s sales are heavily dependent on the US market, unlike some of its far-more-international rivals. Alcohol doing well
I predict you will enjoy your Raytheon ownership more the Divmenow or I have.  I am curious about the dividend. They implied it wouldn't be decreased. Spinoffs complicate it. I'm sure they send CARR and Otis on their way with P&J sammitches and $5 in cash lol. I think it will be a little better than RTN was paying.     Â
I saw that Corona article last might. It's temporary of course.
Merger/spinoffs left a bad taste in my mouth after the disaster that was Dow and DuPont merging and then splitting into three companies. I will probably never make my money back on that one.Â
I don't think that'll be an issue with RTX, as their board doesn't appear to be staffed with crooks.
(04-03-2020, 09:23 AM)Otter Wrote: [ -> ] (04-03-2020, 09:21 AM)fenders53 Wrote: [ -> ] (04-03-2020, 08:51 AM)stockguru Wrote: [ -> ]I bit lol
New position in RTX and added to PSX, EOG, and T, and STZ
Anyone own STZ?
Constellation said Corona Extra sales grew 5% in the United States in the four weeks that ended February 16. That’s nearly double the trend of the past 52 weeks. Corona’s sales are heavily dependent on the US market, unlike some of its far-more-international rivals. Alcohol doing well
I predict you will enjoy your Raytheon ownership more the Divmenow or I have.  I am curious about the dividend. They implied it wouldn't be decreased. Spinoffs complicate it. I'm sure they send CARR and Otis on their way with P&J sammitches and $5 in cash lol. I think it will be a little better than RTN was paying.     Â
I saw that Corona article last might. It's temporary of course.
Merger/spinoffs left a bad taste in my mouth after the disaster that was Dow and DuPont merging and then splitting into three companies. I will probably never make my money back on that one.Â
I don't think that'll be an issue with RTX, as their board doesn't appear to be staffed with crooks.
I've had mixed results with spin offs. I usually sell them because I only have a few hundred dollars in shares if that. YUM comes to mind. I received some YUM shares valued at about $12 IIRC (PEP spinoff long ago).   That would have been a good hold despite their recent troubles. United didn't spin off junk. Those are solid market leading brands.  Not telling anyone to buy them, but it isn't trash, just an attempt to focus the new merger.
I got beat up on the Dupont-Dow fiasco. I own DOW now. Slow dancing my way out of that train wreck selling options against my position. It beats sitting here helpless. I'll be crushed if they cut the dividend. That will happen if the economy doesn't start recovering in a couple quarters.
(04-03-2020, 09:39 AM)fenders53 Wrote: [ -> ] (04-03-2020, 09:23 AM)Otter Wrote: [ -> ] (04-03-2020, 09:21 AM)fenders53 Wrote: [ -> ] (04-03-2020, 08:51 AM)stockguru Wrote: [ -> ]I bit lol
New position in RTX and added to PSX, EOG, and T, and STZ
Anyone own STZ?
Constellation said Corona Extra sales grew 5% in the United States in the four weeks that ended February 16. That’s nearly double the trend of the past 52 weeks. Corona’s sales are heavily dependent on the US market, unlike some of its far-more-international rivals. Alcohol doing well
I predict you will enjoy your Raytheon ownership more the Divmenow or I have.  I am curious about the dividend. They implied it wouldn't be decreased. Spinoffs complicate it. I'm sure they send CARR and Otis on their way with P&J sammitches and $5 in cash lol. I think it will be a little better than RTN was paying.     Â
I saw that Corona article last might. It's temporary of course.
Merger/spinoffs left a bad taste in my mouth after the disaster that was Dow and DuPont merging and then splitting into three companies. I will probably never make my money back on that one.Â
I don't think that'll be an issue with RTX, as their board doesn't appear to be staffed with crooks.
I've had mixed results with spin offs. I usually sell them because I only have a few hundred dollars in shares if that. YUM comes to mind. I received some YUM shares valued at about $12 IIRC (PEP spinoff long ago).   That would have been a good hold despite their recent troubles. United didn't spin off junk. Those are solid market leading brands.  Not telling anyone to buy them, but it isn't trash, just an attempt to focus the new merger.
Dow and Dupont were a failure waiting to happen. Those are dead markets there in. Dupont is a dinosaur. UTX and RTN are a good marriage and the CEO is very good. I'm not worried about that at all. RTN has contracts going out years and they will continue to excel. UTX brands will take some time to come back. But at $50 a share I can wait. This will be over $100 at some point. And please don't put IIRC is the same sentence as RTN. I can name a lot of mergers that have gone well. I dont dwell on the bad onesÂ
I've owned UTX for many years and I'll be hanging on to all three - RTX, CARR, and OTIS.
(04-03-2020, 09:48 AM)stockguru Wrote: [ -> ] (04-03-2020, 09:39 AM)fenders53 Wrote: [ -> ] (04-03-2020, 09:23 AM)Otter Wrote: [ -> ] (04-03-2020, 09:21 AM)fenders53 Wrote: [ -> ] (04-03-2020, 08:51 AM)stockguru Wrote: [ -> ]I bit lol
New position in RTX and added to PSX, EOG, and T, and STZ
Anyone own STZ?
Constellation said Corona Extra sales grew 5% in the United States in the four weeks that ended February 16. That’s nearly double the trend of the past 52 weeks. Corona’s sales are heavily dependent on the US market, unlike some of its far-more-international rivals. Alcohol doing well
I predict you will enjoy your Raytheon ownership more the Divmenow or I have.  I am curious about the dividend. They implied it wouldn't be decreased. Spinoffs complicate it. I'm sure they send CARR and Otis on their way with P&J sammitches and $5 in cash lol. I think it will be a little better than RTN was paying.     Â
I saw that Corona article last might. It's temporary of course.
Merger/spinoffs left a bad taste in my mouth after the disaster that was Dow and DuPont merging and then splitting into three companies. I will probably never make my money back on that one.Â
I don't think that'll be an issue with RTX, as their board doesn't appear to be staffed with crooks.
I've had mixed results with spin offs. I usually sell them because I only have a few hundred dollars in shares if that. YUM comes to mind. I received some YUM shares valued at about $12 IIRC (PEP spinoff long ago).   That would have been a good hold despite their recent troubles. United didn't spin off junk. Those are solid market leading brands.  Not telling anyone to buy them, but it isn't trash, just an attempt to focus the new merger.
Dow and Dupont were a failure waiting to happen. Those are dead markets there in. Dupont is a dinosaur. UTX and RTN are a good marriage and the CEO is very good. I'm not worried about that at all. RTN has contracts going out years and they will continue to excel. UTX brands will take some time to come back. But at $50 a share I can wait. This will be over $100 at some point. And please don't put IIRC is the same sentence as RTN. I can name a lot of mergers that have gone well. I dont dwell on the bad onesÂ
Chemicals have not gone out of style. Manufacturing depends on them. We just don't need any manufacturing right now lol. Â
Large CAP mergers require considerable skill. They usually struggle for a year or more. Then there is T. You heard of them lol? I cringe every time they buy something. CSCO used to be the king of M&A. They figured out you just buy anyone that threatens you while they are tiny. I swear they used to buy 10 companies a year. Integrate 2/3rds, flush the other 1/3 and make them go away.  Â
Guru
Polaris is down 15% in a sideways market since you asked about it several days ago. You buy any yet or are you still skeered? See, my bearish comments are not always worthless.
Seriously though, wait for the market to pullback which may still happen. Probably a good buy at a true bargain price. It it doesn't happen we move on right?