Posted on February 8, 2023
General Electric Company (NYSE:GE) is about to undergo what you might call ‘shock therapy’.
All the more so if you’re a bull on the stock.
Yes, even though she’s in the midst of a tripartite breakup that will leave the ticker (GE) in possession of just the company’s aviation business, stockholders should expect a crash landing for the shares in the very near future.
The company’s numbers make little sense.
After running up better than 90% (!) in just the last four months, GE valuations are outright shocking.
So what gives?
Essentially, this is a story of a hyper-enthusiastic response to GE’s spinoff plans; one that got carried away like an old-time aviator—who forgets to check the fuel gauge.
The company announced quarterly results two weeks ago (January 24th) and the stock has been in a stall ever since.
Many happy returns!