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Feb.24
9:14 PM ET
Tuesday, 24 Feb 2009
Cramer: Honeywell Is a Survivor
Posted By:Tom Brennan
Topics:CEOs and CFOs | Stock Picks | Stock Market
Sectors:Industrial Goods and Services
Companies:Honeywell International Inc
As tough as this market is, there are still stocks worth buying. Like Honeywell [HON
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], a diversified industrial company whose management was prepared for this recession. Chairman and CEO David Cote, who just yesterday reaffirmed Honeywell's 2009 guidance, said, "We started planning this stuff a while ago. This is not something we started in January." That's the kind of leadership Cramer likes.
There are a lot of other reasons to be bullish on HON as well. Watch Cramer's interview to see why he thinks this stock is a buy.
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Photo by Candy Cheng Honeywell CEO David Cote presents Cramer with a special fire chief's helmet. That's a real jet engine behind them. |
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