Honeywell Aerospace: Buy the Installed-Base Growth, Capture Recurring Aftermarket Profits
Honeywell (HON) offers a way to play steadily improving aerospace aftermarket economics: a large installed base, double-digit ROE, solid free cash flow and a 4%+ yield combine to create an attractive risk/reward for a long trade. Technical momentum and manageable short interest add tactical support while valuation is reasonable versus cash generati…