RED ALERT: Obamacare Could Cost Honeywell $42 Million

Another Manufacturer Penalized by the Democrats’ Government Healthcare Takeover

“‘Honeywell International Inc., the Morris Township, New Jersey-based maker of controls for aircraft an buildings, said in a January regulatory filing that it saw a ‘potential negative 4 cents to 5 cents per-share impact’ from the legislation. Honeywell is still reviewing the law and will keep monitoring the situation, spokesman Rob Ferris said.”

“‘This will mostly impact older companies with legacy costs,’ said Jeffrey Sprague, whose firm Vertical Research Partners LLC follows multi-industry and electrical equipment companies. He estimates Honeywell’s possible cost at about $42 million after tax.”

(Edmond Lococo, Ryan Donmoyer and Pat Wechsler, “Obama Tax’s $14 Billion Charge Starts at Caterpillar,” Bloomberg, 3/25/10)

By Code Red