GE: Imagination At Work - An Early Celebration

So, I may be a little late to discuss the departure of Jeff Immelt, and the arrival of John Flannery. And, we all know that General Electric Co.'s (NYSE: GE) stock, before the announcement of Immelt's departure, was valued just over the 52-week low, and falling (see here). So, I will skip that discussion and jump into my position. I have been investing and managing my own portfolio since I was 18, and GE was always part of my portfolio for its strong cash flows and steady dividend payout. With that knowledge, I will make this statement: GE is a total equity loss.

I say this with the greatest dismay because I have no faith in Flannery's ability to turn GE around. Flannery was first placed with GE Capital's risk management in 2005, overseeing the single piece of GE that made large amounts of the company's profits, and he failed. The recession hit (rather hard) in 2008 and carried through 2009 (maybe 2010 depending on how you look at it). Flannery and his staff should have seen it coming, like many others did, and move to protect assets, instead he lost them.

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