Need some general verification here.....Is GE down almost 15% since the split? I said the 1 for 8 reversal would be a complete disaster......Your Thoughts?
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Culpable sold off profitable business' to raise cash and pay off debt. It was necessary but has hurt the profits overall. Aviation was hurt by Covid-19 and Power is somewhat stagnant at the moment. And let's not forget about the coming correction to the stock market as a whole. Inflation woes and supply chain interruptions abound. Get ready for a 20% drop.
Stock will drop but GE will stay in business as the military industrial complex still needs a way to insure the US produces electricity and jet engines so the bo----s can fly. Just remember GE brought good things to life like Fukushima and nuclear weapons for many years until the 90’s.
GE is headed towards long term failure where businesses in the future will be GE by name only. Some companies will be willing to buy the GE name as a licensed privilege believing they will have brand recognition success.
Culp needs to disappear.
When the split happened about 13 bucks a share, it was already over valued by 5-6 bucks. So in split terms, the current price should be about 40-50 bucks a share. Its got a ways to come down to get to reality. GE as a whole is really worthless compared to 10-20 years ago. When reality sets in, more will see and understand the truth.
Early innings.
Time to look for a new CEO?
So far, not doing well… “ GE Needs less management! They have to many usless pencil pushers, they ran all the good engineers and craftsman off. People with pencils are just wasted overhead.” …….. just one of the reasons. How long before Culp renegotiates 3.0??