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16.09.2020 14:22:00

Why I Just Bought More GE Stock

General Electric (NYSE: GE) shareholders are certainly used to disappointment. GE stock plunged from around $30 at the beginning of 2017 to less than $7 by December 2018, due to a series of terrible acquisitions, operational miscues, weak conditions in the power and oil-and-gas markets, and huge losses in GE's legacy insurance operations.However, General Electric seemed to find its footing after new CEO Larry Culp took over in late 2018. As a result, GE stock doubled between December 2018 and February 2020, when it peaked above $13. Unfortunately, the COVID-19 pandemic undermined GE's biggest cash cow -- its aviation business -- causing the stock to crash to new multidecade lows below $6.Continue reading
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