Morningstar Rating

Stock Research and Analysis

by James Krapfel, CFA

Bulls Say

Tyco has well-respected brands such as Tyco, Tyco Integrated Security, SimplexGrinnell, Sensormatic, Wormald, Scott, and ADT. Tyco can sometimes extract premium pricing from the brand equity.
Tyco enjoys a leading share in the $70 billion security and fire installation and services market and a top-two position in the $30 billion security and fire product market. The firm is in a prime position to steal share from the highly fragmented market.
An eventual recovery in commercial construction should buttress financial results further. Read more 

Bears Say

Significant uncertainty resides in the company's longstanding tax dispute with the IRS, which could ultimately cost the company hundreds of million dollars.
Prospects for secular growth in the North America installation and services market are limited, given the already high penetration of security and fire systems installed in commercial buildings and other end markets.
The orchestrator of Tyco's successful turnaround, Edward Breen, is no longer intricately involved in the company's operations, though he remains chairman of the board. Read more 

Management

George Oliver has served as CEO since Tyco completed its most recent split in September 2012. Since joining Tyco in 2006, Oliver was president of Tyco safety products from 2006 to 2010 and was named president of Tyco electrical and metal products (now   Read more 

Profile

Tyco is a global provider of security products and services, fire detection and suppression products and services, and life safety products. Brand names include Tyco, Tyco   Read more 

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