Long legacy of unattractive segments. Focused on healthcare, aviation, renewables. Issue is relative to other US industrials, the balance sheet is not as clean. Investors fear something is lurking. He's not fond of reverse share splits. He owns ROP instead. It's better run, better ability to grow, higher ability to reinvest cashflow.
Difficult to understand. Dog's breakfast that doesn't make sense as a single entity. If they split up, there would be attractive pieces. Better places to be to generate returns over time. Not a fan.
(A Top Pick Oct 20/20, Up 69.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GE has triggered its stop at $12.50. We recommend covering the rest of the position at this time. Combined with the previous recommendation to cover 50% of the position, this results in a net investment return over 52%.
Has potential, but lots of troublesome issues. A reverse split is never a good thing. Selling a lot of good franchises, which leaves then with a weaker portfolio. Not in a great cashflow position. Pension issues. Risk/reward is better elsewhere.
(A Top Pick Oct 20/20, Up 77.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GE is progressing well. We now recommend trailing up the stop (from $11.50) to $12.50. If triggered, this would all but guarantee a net investment return of 52%, when considering our previous recommendation to cover 50% of the holding.
The stock is languishing after losing its way in recent years. Their oil and aircraft businesses are uncertain, though they benefit as the economy recover. It's expensive on a PE basis. The dividend is very low. Not excited about this. He'd rather buy a pure play than own a conglomerate like this.
(A Top Pick Oct 20/20, Up 82.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GE is progressing well. We recommend trailing up the stop (from $8.00) to $11.50. This would all but guarantee a minimum return on investment of 46%, including the previous recommendation to cover 50% of the position.
It has fallen from grace. The last year's performance has been good but it has fallen from a significant perch. He would not choose this American industrial.
Are selling their air leasing business to a rival Scratches his head because this business could offer earnings growth ahead. They have a bad history of selling businesses. Today's reverse split is just dumb.
Announced a 1-8 reverse stock split She predicts the board should get rid of today's reverse split, which is a sign of weakness and a bad idea. GE got to this place because they had stock, but rather they made bad acquisitions and debt skyrocketed. They did a split 20 years ago, which has no bearing. Instead, they should simplify the business and manage their debt.
Announced it will sell its jet-leasing business to a rival and proposed a 1-8 reverse stock split They're winding down GE Capital and putting that debt on the balance sheet. This news is terrible for investors expecting a dividend anytime soon, and puts their net leverage north of 5x when they had been aiming to be below 2.5x by end-2021 into 2022. This is a very good day for GE because they're getting to a simpler story at GE Capital. The proceeds from this jet sale will lower debt. He doesn't love the reverse split which companies that are up against the ropes do. The GE Cap and lack of dividend explain today's sell-off, which is a buying opportunity.
Lots of red flags. Not investment grade. Speculative. Lots of debt. Big unfunded pension liability. Cashflow challenged. Selling off the crown jewels to survive.
General Electric is a American stock, trading under the symbol GE (previously GE-N on Stockchase) on the New York Stock Exchange (GE). It is usually referred to as NYSE:GE or GE