When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
GTX - Resideo Technologies: Another Honeywell Spin-Off Disappointment?
Garrett Motion Inc
Early January, I wrote an article on the latest spin-off from Honeywell (HON), which is called Resideo (REZI) as I wondered if this was "a smart Honeywell spin-off". Something went very wrong early March as shares lost a quarter of their value upon the release of the Q4 results, requiring an update on the events and current thesis.
A Quick Look At The Company
Resideo provides critical residential and security solutions as the company is quite large with $4.5 billion in annual sales. This number is somewhat inflated as the company