General Electric: Not Quite a Value Trap, More Like a Value Pit [View article]
I think the chickens are coming home to roost at GE. Not only has Jeff Hasmelt done a poor job, there is a lot of left over chicken litter from the Jack Wealth days too. You don't build a solid company by continually laying off the bottom third and hiring more. You build a "yes man" company and one focused on making the quarter look good, true or not. Smoke and mirrors has been a focus at GE for a long time.
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General Electric: Not Quite a Value Trap, More Like a Value Pit [View article]