GE Aerospace (GE)

[Prudent Capitalist]

Buffet and Berkshire Hathaway have cut all ties with GE, liquidating their entire positions in the 2nd quarter, per yesterday's filings. The final embarrassment for Immelt and the entire bunch here that have run GE into the ground again. As one financial news service pointed out today, GE is down (-20.3%) this year as the overall markets are soaring to new highs. GE is also down over the trailing 3 year period, during which the S&P 500 has gained almost 30%. I have to imagine jack Welch is just sick to his stomach over the past number of years watching Immelt run the company he built into the ground.