What Did You Buy Today?

[fenders53]

(05-08-2020, 10:08 AM)Binary Wrote:

(05-08-2020, 09:41 AM)fenders53 Wrote:

(05-08-2020, 09:05 AM)divmenow Wrote:

(05-08-2020, 08:57 AM)fenders53 Wrote:

(05-08-2020, 08:42 AM)divmenow Wrote: RTX will go higher. Look at DIS that one has gone up $8 in just a few days on bad earnings and future looks dim over the next year or so.

The market will reward you don't worry lol   

In all serious RTX was bad from the beginning. No one liked the merger. Raytheon is a great company where as UTX is not especially with planes not being made. They will suffer for a while. But with patience this is a $100+ stock in a few years. 

I would much rather be in LMT, LHX or NOC

I have plenty of Defense.  The UTX remaining holdings are excellent quality and will contribute, it's just going to be a very long minute or two.  Nothing wrong with what they spun off either, it's just cyclical and slower growth long-term.  Nobody knew the airline industry was going to vaporize like it hasn't in 70 years.  I am not trying to talk anybody out of their RTX position.  Reading reports is a good thing.  Most of the analysts are only good for spewing random and meaningless price targets that will change from month to month.  It's my intent to spend a lot more time doing DD on my true core holdings.  It will entertain me if nothing else.

I love the defense stocks. It’s always been my favorite sector and it’s my most over weighted sector. I was born with a plane in my hand lol. But it’s going to take time for this sector to take off. No pun intended   

CARR announced today they will not be paying a dividend for now!

That surprised me some, but I wondered.  A cyclical BIZ in a horrible economic climate, and RTX slipped a bunch of debt in their suitcase when they sent them off.

Was the no-div announced on the call? If so, that is practically a div cut for UTX shareholders

I am thinking so but you have to do the math of course.  RTN holders got a small raise in the end.  Things changed since this plan was hatched  and now you have a CARR CEO that has to worry about his company surviving in uncertain times.  It makes CARR shares less attractive for sure. From here anyway. Stock already had a nice run since the spin.