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Friday, 01/24/2020 10:12:57 PM

Friday, January 24, 2020 10:12:57 PM

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My shares go back 30+ years to Rockwell International which split into Rockwell Automation and Rockwell Collins in 2001. Each of those had numerous spinoffs. In 2018 Rockwell Collins was acquired by United Technologies (UTX) for cash and shares. United Technologies is in the process of merging with Raytheon and also spinning off two major divisions, Otis Elevator and Carrier Air Conditioning.

Among the old spinoffs were shares in auto parts company Meritor, some Boeing shares and a semiconductor maker, Conexant, which (somehow) became Skyworks Solutions (SWKS). SWKS traded at a few bucks a share a decade ago. Yesterday it closed at $125!

Virtually all those entities pay rapidly growing dividends. The two major surviving Rockwell divisions, ROK and UTX, closed at all-time highs recently on the NYSE.

https://en.wikipedia.org/wiki/Rockwell_International

The Rockwell saga is complicated, "BORING" and monumentally profitable... something Slobbering Penny Flippers wouldn't understand.

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