Time to Buy General Electric Company (GE) Stock After Massive Decline?


GE stock could be a long-term buy



It has not been a good year for General Electric Company (NYSE:GE). GE stock has taken a tumble, falling over 19% in 2017. With a new CEO and near-4% yield, is it time to buy?

General Electric had been talking up the benefits of spinning off its financial business. It said doing so would allow the company to get back to its industrial roots. It would use excess capital to drive growth and get back on track.

Unfortunately, that didn’t turn out to be the case.

Execution of GE’s industrial businesses hasn’t gone well. Last quarter, industrial revenues fell by 2% year-over-year. Its fiscal year-to-date performance (two quarters) has industrial revenues down 1%. Profits are down 4% and up 2%, respectively, in the same time periods.



1 comment:

  1. The speculation is that they might cut their dividend

    ReplyDelete

Week's Most Significant Insider Trades: January 22 - 26, 2018

Disposals: Cardinal Health Inc (NYSE:CAH) CEO Michael C. Kaufmann sold 18,586 shares of the business’s stock in a transaction tha...