Jim Cramer criticizes Honeywell Aerospace for delayed disclosure of supply chain issues leading to a quarterly miss.
Honeywell Aerospace Inc. (NASDAQ:HONA) shares fell on August 6 after Jim Cramer highlighted supply chain problems that caused the company to miss quarterly expectations. Cramer stated management waited too long to inform shareholders about the issues, damaging credibility.
The aerospace spinoff, previously part of Honeywell International, faced systemic supplier challenges despite affecting only a small percentage of operations. Cramer, a former supporter, sold his position due to the delayed disclosure rather than the miss itself.
The stock decline reflects investor concerns over transparency and operational execution in the aerospace sector.