Lou Whiteman

Revenue is up 28% to $20.5 billion in China.

well ahead of the $18.9 billion expected.

That is really good news if that's sustainable.

I think the big question, always the question, lots of promises, but no real details about the future products in the pipeline.

We either need to answer that question or convince Wall Street to stop asking that question.

But the business is solid and the business just continues to hum along.

Dan, for years, Textron, ticker TXT, has struggled to get the market's attention.

Part of it arguably was Textron's fault.

The company is a vast array of businesses.

They make business jets, they make golf carts, they make military helicopters, they make auto parts.

It makes it all hard to value.

And seemingly every quarter, at least one of those businesses underwhelmed.

In fact, I think it was five years ago, I said, if they're not careful, some activists will come along and say, you got to break this up.

Well, I was wrong.

The activists never came, but Textron is finally moving to simplify its business.

They announced they're going to exit all of their industrial portfolio through either spin-outs or sales and become a pure-play aerospace company.

For context, they're shedding about $3 billion of $15 billion in total revenue.

So, it's small parts, but it's the parts that stand out.

This will be messy for a while, but right now, Textron is trading at about 10X expected earnings if you factor in debt.

PurePlay peers in the aerospace business trade closer to $14.