By: Scott Davis
GE under $20 gets us to a stock price most of us considered unfathomable post the Financial Crisis. How we got here is still open to debate – whether it be the incompetence of former CEO Jeff Immelt or the incompetence of the board, or both – I’m not sure we totally know yet or that it matters at this point. What we do know is that GE is a company in disarray, crisis, with massive brand destruction, and shareholders are voting with their feet – running away as fast as they can. We may still have a rocky next few months ahead of us but we find a highly compelling risk/return here.