Trade: Rezidio (REZI)
Yesterday, I received a small number of shares of Honeywell spinoff Rezidio as a part of the spin-off process. I have decided to sell the entire position at a price of $25.51. While I expect the company to perform well long-term, in the short-term this is a declining sector given the slowdown we've seen in home building and company investments. I anticipate the company to have to deal with this pressure over the next several quarters as a result and do not expect the stock to perform well. One thing that I do see as an interesting opportunity for this company is what happens with the United Technologies/Rockwell Collins merger. Should China decide to let this deal happen, United Technologies will likely split itself into 3 companies which will also include a home/HVAC space that I can see merging or being bought by Rezidio in the future. That said, I don't think the homework effort is worth the small number of shares I will have in the company as ...