Stock price when the opinion was issued
Business model has come under pressure, not too many industrial conglomerates left. So much hidden value that can be unlocked over the next 2-3 years. Wonderful aerospace and defense, as well as automation. Separating them makes a lot of sense. Valuation is very attractive. Yield is 2%.
(Analysts’ price target is $247.09)Special situation. Industrial conglomerate with 2 phenomenal businesses, aerospace and automation. Over the next year will split into 2 separate companies, each with its own capital allocation framework; potential to unlock a lot of value of between 50-100%.
Trades ~20x PE, really good upside. He'd say to hold both those businesses once they come into being next year. Yield is 2.2%.
He just started a position. Everything that Boeing is doing well, aerospace companies like this benefit. Also, they're streamlining their business, starting with aerospace, and can benefit from the infrastructure play. Pays a 2.2% dividend, bug share buybacks and solid dividend growth. He's expecting a breakout after sluggishnes.