GE Aerospace (GE)

[str8_chuter]

Agreed. People need to take a good long look at the weekly chart of GE to get some religion.

The smart money exited GE back in November 2015. Took two weeks to get all of the unloading done at prices in the 26 to 27 range (enormous trading volume). Sure, the stock moved up as high as 30 to 31 in 2016 but the smart money always sells a little too early. Better early than late.

So far, the new CEO has done little to repair the situation, only to staunch the bleeding via the dividend cut (with many pink slips yet to come).

The Wabtec deal hurts more than it helps and is indicative of what's likely ahead. Moody's correctly pissed all over the deal yesterday. GE is selling off more cash flow without meaningfully reducing its debt pile as a part of the deal. Another black eye in a long list of horrific M&A failures.

GE is simply another member of the walking dead sustained by QE. QE is over. QT is here for the next couple of years.