Analyzing Honeywell's Latest Spin-Off, Resideo [Seeking Alpha]
Resideo Technologies, Inc. (REZI)
Last resideo technologies, inc. earnings: 2/26 04:05 pm
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Source: Seeking Alpha
Summary Introduction On Monday, October 29, 2018, Honeywell ( HON ) Spin-off, Resideo Technologies, began trading under the ticker REZI. This is Honeywell’s second spin-off in the past month. Its last spin-off, Garrett Motion ( GTX ), an industrial company focused on manufacturing and selling turbochargers to automobile manufacturers, was spun off on October 1, 2018. Since beginning trading, it has sold off 27% due to concerns over the stock’s exposure to the cyclical auto industry, a heavy debt load, and significant asbestos-related liabilities. Despite these valid concerns, the stock looks interesting trading at ~5.7x EBITDA and 5.4x earnings. Now let’s move on to analyzing Resideo. Distribution Overview As shown in the graphic below, investors received 1 share of Resideo for every 6 shares of HON owned. Source: Honeywell Investor Relations Typical Spin-off Dynamics First of all, Resideo could be interesting because it’s a spin-off, and as mos
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REZI
News
- Precision Detection Smoke Alarms from First Alert Now Available Nationwide [Yahoo! Finance]Yahoo! Finance
- Precision Detection Smoke Alarms from First Alert Now Available NationwidePR Newswire
- TikTok has repeatedly said that it's no longer linked to China. A new Fortune investigation tells a more complicated story. [Fortune]Fortune
- Breaking News: Is Snap One's $10.75 Per Share Sale Price a Fair Deal? Johnson Fistel, LLP Investigates Deal TermsGlobeNewswire
- Resideo to Acquire Snap One to Expand Presence in Smart Living Products and Distribution [Yahoo! Finance]Yahoo! Finance
REZI
Earnings
- 2/13/24 - Beat
REZI
Analyst Actions
- 2/29/24 - TheStreet
REZI
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- REZI's page on the SEC website