Garrett pump and dump

I have commented before, how Honeywell spun off Garrett, but loaded it up with debt, and Honeywell’s asbestos liability, so that bankruptcy was virtually guaranteed.

The bankruptcy occurred, as expected. The bankruptcy court handed the asbestos liability back to Honeywell.

Meanwhile, PE got their hooks into Garrett, and now are looking for a bag holder, as the company is still way in debt, and selling to an auto industry that is supposedly going EV.

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