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General Electric: Change Is (Finally) In The Air

February 4, 2019

Summary:

- General Electric reported mixed Q4 and full-year 2018 results but the stock finished the week higher by ~10%.

- Management was able to win over the market with their candor and, as it relates to GE's future state, I believe that change is finally in the air.

- I am long GE and have no plans to sell any shares, even after the recent run-up.

 

General Electric ($GE) reported what I would consider mixed Q4 and Full-year 2018 operating results but the stock finished the week higher by over 10 percentage points.

 

GE shares reached the double-digit mark for the first time since October 2018, but I believe that the recent stock performance is only the beginning of a multi-year recovery (let me stress the word "year"). The Q4 2018 operating results, in my mind, were okay (at best) but I believe that the stock shot up in short order due to the fact that Mr. Larry Culp, CEO, was able to eliminate a great of uncertainty while showing the market that [real] change is in the air.

 

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