![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, May 15, 2020 3:31:57 PM
follow Peltz's advice.
Activist Investor Nelson Peltz Says He Is Putting New Capital To Work
10:29 am ET May 15, 2020 (Benzinga) Print
Activist investor and Trian Partners CEO Nelson Peltz told CNBC on Thursday's "Halftime Report" he bought shares of unnamed companies that were "beaten down too much."
Peltz's Buying Strategy
The activist investor isn't disclosing what specific stocks he has been buying, but did confirm they are "new positions."
This shouldn't be confused with a bullish stance on the market as a whole, Peltz said, adding that he is "buying specific companies."
Regarding existing positions that have been confirmed, most notably General Electric Company (NYSE: GE), Peltz said the company's CEO Larry Culp is ranked among the "best industrial managers" who have been dealt an "awful hand."
Despite nearly everything working against Culp's favor, the company is positioned to navigate the storm given a strong balance sheet, Peltz said.
Peltz On GE
General Electric is in the fortunate position of overseeing a "great business" in GE Aviation, although no one is flying, Pelz said.
If no one ever flies again, then Culp is sitting on a "terrible business," the activist investor said.
The CEO is showing an ability to maintain his composure and initiate managerial decisions that should have been done "decades ago," said.
What's Next For GE
If consumers don't embrace air travel in the future, GE's stock is "overpriced," but if travel resumes, then GE's stock will offer investors a "great bargain," Peltz said.
Peltz said he believes travel will be supported by the release of a COVID-19 vaccine "sooner rather than later."
Tens of millions of doses could be made as early as the end of 2020, he said, adding that he has confidence in the handful of companies working tirelessly on a treatment.
Recent GE News
- GE Aerospace T901 Engines Accepted by U.S. Army for UH-60 Black Hawk Flight Testing • PR Newswire (US) • 06/28/2024 12:02:00 PM
- GE Aerospace Board of Directors Authorizes Regular Quarterly Dividend • Business Wire • 06/21/2024 11:27:00 AM
- Trump Media Resells Stocks and Warrants; KB Home Exceeds Q2 Expectations, and More News • IH Market News • 06/20/2024 10:55:11 AM
- GE Aerospace kündigt freiwilliges Delisting der GE-Stammaktien von der Euronext Paris, der London Stock Exchange und der SIX Swiss Exchange an • Business Wire • 06/19/2024 04:13:00 PM
- GE Aerospace annuncia il delisting volontario delle proprie azioni ordinarie da Euronext Paris, dalla borsa di Londra e dal SIX Swiss Exchange • Business Wire • 06/19/2024 04:13:00 PM
- GE Aerospace Announces Voluntary Delisting of GE Common Stock from Euronext Paris, the London Stock Exchange and the SIX Swiss Exchange • Business Wire • 06/19/2024 06:00:00 AM
- GE Aerospace annonce la radiation volontaire de ses actions d’Euronext Paris, du London Stock Exchange et du SIX Swiss Exchange • Business Wire • 06/19/2024 06:00:00 AM
- Fisker Files for Bankruptcy, Chegg Stocks Rise on 23% Workforce Reduction, and More • IH Market News • 06/18/2024 11:02:13 AM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/11/2024 06:53:57 PM
- Dolby Laboratories Announces Agreement to Acquire GE Licensing from GE Aerospace • PR Newswire (US) • 06/06/2024 12:30:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 10:31:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:08:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 08:21:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/23/2024 07:36:36 PM
- Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News • IH Market News • 05/22/2024 10:37:09 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 09:18:55 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 05/14/2024 02:06:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 10:15:41 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:34:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:32:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:31:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:29:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:27:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:25:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:24:18 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM