It has not been pretty for General Electric (GE) shareholders. What should have been reason to rejoice according to many on June 12th when it was announced that CEO Jeff Immelt was stepping down and was being replaced by John Flannery, GE's stock price rose quickly but has since lost 37.95% since that date. Management then presented its plan to make the company profitable again but at the same time announced the dividend was being reduced by 50%. Shares have lost 10.56% since that announcement. The company is focused on cash flow generation among all its segments. If that is the case, then the company future prospects should look brighter. With shares at depressed levels and trading near 52-week, are they trading at fair value? Time to take a look.
