General Electric: The Markopolos Report Will Eventually Be A Net Positive
- General Electric's stock was performing well on a YTD basis before the Markopolos report was released.
- I believe that the Markopolos report will [eventually] turn out to be a net positive for long-term shareholders.
- I am long General Electric, and I recently added to my position.
General Electric's ($GE) stock was performing well in 2019 before the Markopolos report was released to the public on August 15, 2019. Two things to notice: (1) the significant drop in mid-August after the Markopolos report was published and (2) GE shares are still up almost 16% even after the recent double-digit decline.
I actually believe that the Markopolos report will be a positive development for GE shareholders, eventually that is. Additionally, I believe that shareholders with a long-term mindset should consider staying the course while this story plays out because GE shares still have significant upside potential if the fraud calls turn out to be incorrect (which I believe to be the case).
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