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Stock impact report

Why Woebegone GE Just Might Turn Around [Forbes]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Forbes
Credit: Getty Royalty Free Getty What struggling companies will survive and maybe even thrive? Would you believe … General Electric? Yes, GE, that relic of a bygone time, whose stock took another beating Friday. It’s easy to write off GE. Capitalism involves creative destruction—the outmoded old company makes way for the innovative new business. Polaroid, Kodak and Xerox were the tech darlings of their day. But now people take pictures on phones, and machines that copy paper documents are almost quaint thanks to cloud storage. In current Wall Street-speak, these outfits were the victims of “secular change.” Technological advances, new consumer tastes and regulatory pressure shove corporate America into the future, and relegate outmoded entities to the trash heap. David Giroux, head of investment strategy at T. Rowe Price, estimates that almost a third S&P 500 companies are harmed by secular risk. At a recent investment conference, Giroux remarked that he bel Show less Read more
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