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General Electric Company, doing business as GE Aerospace, is a global aerospace propulsion, services, and systems company. The Company provides jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft. Its portfolio of brands includes Avio Aero, Unison, GE Additive and Dowty Propellers. Avio Aero is a GE Aerospace business which... see more

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General Electric Co > GE Screws over Investors Again

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Post by FavSOB on Mar 11, 2021 10:09am

GE Screws over Investors Again

GE - We have 8 billion shares. That is too many! Lets do a 8:1 reverse split and increase our valuation that way! So our valuation is at $96 and we can feel good that we have increased the share price to where it should be.

Investor - How about you properly manage the company, cut bloated salaries, invest in emerging tech and increase the valuation that way.

I have stood by this company for a long time and was loking forward to an awesome return at $20 a share until this happened. Instead, I get screwed by a poor corporate decision to increase the valuation artificially with a reverse split. This has resulted in a drop of $2 a share over two days.

Granted they are not out of the woods yet and have work to do. It is the underlying belief that companies only do a reverse split when everything is not going to be good.

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