By - Associated Press - Friday, June 26, 2020
COON RAPIDS, Minn. (AP) - Honeywell International says it will close its plant in Coon Rapids in August and eliminate dozens of jobs as it consolidates its production into other U.S. operations.
The Coon Rapids plant employed 212, but the company says some employees have retired, transferred or found other jobs since it told them of the plans to close last year.
BullBear52x wrote:restructure for future growth, at the mean time, hell with the workers.
However, it seems to be in good shape financially. As BNB52 notes: "to hell with the workers." Companies with a social conscience? Bottom line, Baby --> Profits.
EPS strong.
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ROE strong.
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Charts posted are not recommendations. They are just a sharing of information.
Text book target. Sharp rebound here would be 3 Push Down which if indeed then bulls finally see chances.
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Not looking good, consolidation usually means continuation in this case is down.
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