Stock dropping and did anyone see this article? I was asking the same question. Numbers don’t tie out. Making fourth quarter shouldn’t have happened. GE came up with some $600MM credit? From where? This company has no future unless they tell the truth.
https://www.google.com/amp/s/seekingalpha.com/amp/article/4141952-ge-64-question-analyst-asked-segment-performance-2017-guidance-achieved
I think GE is a real embarrassment to Peltz and Triad. He had a lot of confidence in Immelt and did his research before investing Triad's money. Peltz expected GE stock to be between $40 - $45 per share by now. It tanked. And now come the cuts. As was said many times in literature and song, “Desperate people do desperate things.”
You don't have to hang out with Peltz to know he's ready to spit nails. GE has done more than just deliver disappointing performance for him. Their continued incompetence in the face of personal promises to him that they have made to improve... if you were Nelson, would you be angry?
Yea, because you and Peltz hang out together and talk about the weather....
Stock markets globally are down
$14???? ... wait for $10. Peltz is beyond fuming