One Critical Issue Makes GE A Strong Buy [Seeking Alpha]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations:
ge.com/investor-relations/overview
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Source: Seeking Alpha
Summary Inept and incompetent former CEO, Jeffrey Immelt, and Nelson Peltz of Trian Fund together almost destroyed General Electric Co. ( GE ). The stock price plunge has given investors the opportunity to make a very long-term investment in GE at a bargain-basement price. While there will still be plenty of negatives impacting the stock price, GE is a long-term buy because of Africa. Yes, Africa. Three Issues Killed GE 1) Being in the wrong sectors at the wrong time 2) Worrying more about image and being politically correct than making profits 3) Terrible management policy decisions The first point about being in the wrong sectors, such as financial and energy, at the wrong time has already been covered extensively in the press. The second point, however, has not received much coverage. Based on my personal contacts with GE, it seemed that Jeffrey Immelt was overly obsessed with how the well-educated, higher income class perceived GE. For eample, the company d
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GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website