Honeywell Aerospace Q2: The Spinoff Spinout

Justin Purohit2.73K FollowersFollowSummaryShares in Honeywell Aerospace Inc. cratered over 20% following the release of a weak Q2 print which included a cut to the forward outlook.The losses follow HONA's recently completed spinoff from Honeywell International.The underperformance somewhat validates the strategy of Honeywell International to focus on stronger units of growth in its home base.I wouldn’t give up on the standalone company, though I believe it may be a long road ahead.I view HONA shares as a ‘hold’. EXTREME-PHOTOGRAPHER/E+ via Getty Images Honeywell Aerospace Inc. (HONA) didn’t exactly go airborne following its recently completed spinoff from Honeywell International (HON). Quite the contrary, actually. Shares in the stock tumbled over 20% following Q2 results that underwhelmed onThis article was written byJustin Purohit2.73K FollowersFollowProviding timely and quick to the punch analysis of earnings and macro-related events across various sectors, with a focus on retail and real estate. I am a licensed CPA.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.