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Stock impact report

General Electric: Black Swans Are Falling From The Sky [Seeking Alpha]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Seeking Alpha
SummaryGE is being hit by problems not of their own making.Aviation especially is taking a terrible beating.Aviation is GE's most profitable division.I have written 8 articles about General Electric (GE: How Alstom And France Ate Jeff Immelt's LunchGE: A Lesson In How Not To Run A Company - Do Not BuyBut then a new CEO came on the scene, Larry Culp, and I got excited about GE's future prospects:GE CEO Larry Culp: The Right Guy For The Right Job At The Right TimeThen Larry started cleaning up Dodge and the stock made a nice run from about $6.75 in December 2018 to $10 plus on July 31, 2019, a nice 60% gain in a little more than 6 months.Way to go, Larry.But then the first swan showed up and the stock dropped 30% in 2 weeks.Here are four reasons I think GE is uninvestable at this point.1. The Harry Markopolos fiascoOn August 14, 2019, forensic accountant and famous Bernie Madoff whistleblower Harry Markopolos launched a "fraud" report that claimed GE was another Enron. He even set up a Show less Read more
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