Their big blunder was buying Westinghouse and investing in nuclear right when it was turning South. The country soured on that industry quickly and GE was stuck. Plus they took a bath on GE Capital during the last financial crisis. They were a major lender to businesses for office equipment and such. They got hammered when businesses closed up shop. They ended up selling to to someone for a song.
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I think I said this before, but the GE Capital fiasco did me in on it. I cut my loss at that point, sold, and finally got a good nights sleep. For a while it was a nightmarish investment for me. A cascade of bad news after bad news, repeat and repeat. Don't miss holding GE one bit.
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Yeah it turned into a goat fuck for many people. The company went from one of the strongest to a zombie very quickly. I havent looked at it in a while but their 3-D printing acquisitions were strong.
Want to really have fun: look at the charts of GE ad Honeywell.
No contest.
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Yup, and the goat fuck was the result of the cluster fuck going on in the Executive Suite. When I got out of GE I considered Honeywell. To this day I won't compare GE with anything. Years later and I still can't get the taste out of my mouth.
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Well years later it doesnt appear to be much better of a company. Seems they are still on the same roll.
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