- "Kudos to Trian for timing in acquiring their position in General Electric (GE +2%)," writes The Institutional View's Andrew Addison, noting the fund's average cost is about $25.50 per share.
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Addison expects Nelson Peltz and team to support Jeff Immelt's efforts to continue streamlining operations and buy back stock. He notes Peltz' year-end 2017 valuation of $40-$45 is the same as his (Peltz' valuation was arrived an fundamentally, Addison's technically).
- Dips should be bought, says Addison.
- Previously: Trian Fund Management takes $2.5B stake in GE (Oct. 5)