To get back on the subject.... What do you think of HON?
Current price: $21.61 Dividend Yield: 3.40% Honeywell has made major changes during the past year setting the stage for 8% to 10% annual growth in operating income over the next couple of years. They have significantly increased free cash flow despite a 6% decline in revenue. HON is strong financially, having used its free cash flow and proceeds from its sale of nonstrategic businesses to reduce net debt by about $1.2 billion in the past two years. They have $2 billion in cash and they will probably use some of it to buy back stock and maintain the dividend. The stock appears to be trading at a significant discount to its estimated fair value.