There's a lot in the press about how GE's investors like Culp because there's more transparency with the communications and economic realities. I see nothing of the sort. He admits that there are problems but has been holding back.
WHY?!? He's the CEO, he's driving the bus. Tell us. Yes, I have 45 shares of GE. I bought into GE with some of my proceeds from the Arcam squeeze-out debacle knowing that GE has a Golden Goose with Arcam. I didn't like the explanation for this being a "reset year" and sold most of what I had. The message was empty.
I'm liking it even less now. The more Culp talks, GE looks less and less transparent.
J.P. Morgan’s analysis comes even after CEO Larry Culp told investors in March that GE’s power business “is in a serious turnaround mode.” Culp also told CNBC that GE has “a number of problems we need to work through this year,” adding that “this is the year that we share with the world what those issues are.”
62 days ago Culp said "this is the year that we share with the world what those issues are.” Will everyone still be waiting on December 30th?
62 days ago.
Post Script - Tom, I'm amazed at what I've learned here over the last several years. We need someone to step into Paul Harvey's shoes and tell us "the rest of the story."
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