UTX, United technologies.

utx aug 2011

Less than a month ago, July 9th, I commented on UTX, prodded by article in the Star by a prominent financial contributor (BC). The article seemed to me like one of those things that need to be done to meet the printing deadline. As far as I was concerned it was totally devoid of any real argument.

At the time the stock was at about $91. Today we hit $74 or down almost 19%. in less than a month! What is more disconcerting is that we actually have  “overlap”, at least in some degree. This excludes further advancement and $65 is starting to look pretty realistic, that is as a first stop.