Supply chain issue is just an excuse to fool investors into thinking that every thing else is OK. Under the current CEO, the stock has lost almost 50% of it's value. Time for a new CEO may be.
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@kpi+1iNmIsgi
Any more brilliant insights??
https://simplywall.st/stocks/us/capital-goods/nyse-ge/general-electric/news/investors-five-year-losses-grow-to-64-as-the-stock-sheds-us8/amp
Nope, stock price is nothing. IT will go up once Supernova and HEalthCare and spun off.
The main problem is toxic management, declining cash flow, uncompetitive products.
It would take at least 2 generations, for the toxic management to go away.
Probably at that time, it would be under a different company name.
Definitely not Supernova.
According to Barron’s in May 2022,
“GE’s proxy statement lists 2.2 million shares for Culp in all “stock-based holdings.”
The 2.2 million shares are worth about $167 million.”
Now? Not so much.