GE: That Was More Than Just A 'Reset'
Summary Points *The company held an Investor Update Meeting and it was not well received by the market. *GE cut its dividend by 50% and guided for lower-than-expected 2018 adjusted EPS and Industrial FCF. *It is hard to fight the tape, but I am staying long the stock. Taking a step back, the underperformance of GE's stock over the last year shows that it is hard to fight the tape. I have an overweight GE position in the R.I.P. portfolio so I have felt the pain over the last f