GE’s Transformation Continues Building Momentum

Investors have long been frustrated with GE. The share price is lower than it was 10 years ago. The company has generally overpromised and under delivered for years, leading many to question whether or not CEO Jeff Immelt is still the right man for the job. And who can forgive and forget the 2009 dividend cut after the company had defended its dividend plan for months?

We believed the pessimism surrounding GE was deserved but underappreciated the quality of GE's industrial services business and the chance for GE to “get it right” this time for shareholders with its portfolio . . .


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