This Can't Possibly Be a Great Stock, Can It? But It's Up 166% for Patient Investors
Five years ago, General Electric (NYSE: GE) was seen by many as a company whose very survival was at stake. However, those fears proved overly pessimistic, and its stock rose 166% over that period.
It's a superb performance, notably as it occurred under some tough conditions for the company, with some bad luck along the way. The question is whether it can continue to generate good returns for investors.
The company's renaissance coincides with the appointment of Larry Culp as CEO in October 2018. He took over a heavily indebted company with a collection of underperforming businesses, not least its problematic power segment.
Source Fool.com
