5 ms·
Just one piece of GE (GE Aerospace) is worth $200 billion now. The stock has tripled in eight months, with the company tracking to $5-6 billion in operating inc
by adventured 2y ago
Just one piece of GE (GE Aerospace) is worth $200 billion now. The stock has tripled in eight months, with the company tracking to $5-6 billion in operating income and looking very healthy. GE Vernova (energy) is worth another $75 billion and is back in the black after years of losses. It's all probably going to be a lot healthier split up. That might be the case for Boeing as well. It's often the best way to restart failed old conglomerates (no Steve Jobs scenario is going to save Boeing).
- renegade-otter 2y agoI actually didn't know that. It's been a zombie stock for years, so I just stopped checking.
- adventured 2y agoFunny enough maybe GE Aerospace should buy the commercial plane division of Boeing. Take the business, engineers, IP and plants, ditch the management.
- Mountain_Skies 2y agoAre we sure the rot hasn't trickled down to the engineering level yet? We know that once upon a time Boeing had great engineers and had an engineering culture but decades of MBA next-quarter management stands between that old company and the current Boeing. While I'm sure many good engineers still go to work for Boeing, what percentage of all the engineers and engineering managers at the company are top quality? Seems like over the decades that attrition, a failing reputation, and a focus on the wrong things would impact the quality of talent the company hired.