Honeywell International, Inc. – HON ($148.19 Mkt Cap $109.2 B): The company’s narrative on a recently disclosed SEC investigation doesn’t add up.
The market is widely aware that Honeywell disclosed an SEC investigation with the filing of a 10-Q on 19-Oct-2018. Per the company, “On September 13, 2018, following completion of Corporation Finance’s review, the SEC Division of Enforcement advised that it has opened an investigation related to this matter.” Investors think they have all the facts and have adequately discounted the risk. They are mistaken. We break it down. Removed from Watch List of companies with undisclosed SEC investigations.
Notes: New SEC investigative activity could theoretically begin or end after the date covered by this latest information which would not be reflected here.