I am beginning to think this CEO is little slow in executing. Keep saying again and again Power division has big problem. Of course it has, everybody knows that. Big investors are getting rid of GE stock. The last CEO got fired for being slow. Hope does not happen to this guy.
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CEO JEFF IMMELT WAS FAST IN EXECUTION.
This isn’t complex, they’ll play union negotiations and either get major concessions and if not, lay-off a significant portion of the hourly workforce. I’ll cut and paste to remind all of you when it happens!
Culprit is being advised by wrong people like Rice and Power is being run by same re-cycled id--ts from Imelt era.
Sure they know something we don't. They know how to buy low and sell at a profit. We could use that kind of thinking. Anyone who bought GE stock since Christmas has made quite a bit of money. If that was Trian's situation, they made anywhere from 10 to 20 million on this sale alone.
Trian Fund Management disclosed that it has sold about 9.4% of its General Electric stock investment.
Trian subsidiaries sold 6.66 million GE shares from May 22 through 24 for a total of $64.2 million.
They know sumpin' we don't?