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0.00101947933733833 0.00200327689786987 0.00160203895867467 0.00207536865101035 -0.000910249408337884 0.00475295831057696 0.0164944474786091 0.0311785909339159
Stock impact report

Spinoff Trade Review: Raytheon Technologies, Otis And Carrier [Seeking Alpha]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryIn June 2019 I suggested buying United Technologies and shorting Raytheon to synthesize a pure-play position in Otis and Carrier.Now that the merger and spinoffs have closed, the results show that this trade did better than simply holding either UTX or Raytheon.Looking forward, Carrier has more potential upside than Otis although Carrier’s high debt load adds risk.RTX also has potential upside after the current crisis passes, but aerospace faces a tough environment.IntroductionSource:rtx.comUnited Technologies (announced their plans to mergeOTISCARRclosed on April 2, 2020Shortly after the merger was announced, the share prices of UTX and Raytheon implied a good value for the spinoff businesses Otis and Carrier. I wrote about this thesis in my June 2019 article, "United Technologies: Buying Carrier And Otis At A DiscountOctoberFebruaryNow that all transactions have completed, we can post-audit the original trade suggested in the June article. As of the close on 4/3/2020, it turn Show less Read more
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