Is GE starting to be at buying prices soon? It has come down quite sharply, and the drop from the Dow Jones Industrial Average might still add downward pressure for a while. The sale of non-core assets has now begun, and the new CEO seems to have a good vision of what needs to be done.
However, it hasn’t become entirely clear what the biggest problem in the company actually was. Somewhere, there was talk of excessive share buybacks and inadequate pension fund contributions, etc. If those caused the biggest problems, then presumably there are good chances in the future that the company can be steered back in the right direction.
Nämä turnaround tarinat voivat olla hermojariipiviä… Katso esim Sanoma tai Caverion… Puhumattakaan Stockmann.
Itse missasin Sanoman. Stockaan en koske koska omistusrakenne niin jähmeä päätöksenteon kannalta.
Caverionissa ja GE:ssä olen kuitenkin mukana. Caverionissa jo suht iso possa, GE:ssä vasta 50% suunnitellusta.
Ensimmäinen kesätyöpaikkani, joten tämä uutinen kiinnosti kovasti, konglomeraatin loppu. Tutkin vähän mitä nykyinen GE sisältää ja kyllä jäljelle jää vieläkin aika paljon roskaa vaikka 3 osaan jaettaisiinkin.
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General Electric reported strong earnings and the stock rose significantly.
Aircraft engines and the defense sector drove growth, and the company also raised its dividend and initiated significant share buybacks. According to the tweet, future prospects are promising.
https://x.com/TheRayMyers/status/1882794389413429714
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