The WSJ's GE Reversal
Tim Knight | Feb 12, 2019 12:38PM ET
Back in mid-December, as I was thumbing through the Sunday Wall Street Journal at a fencing tournament, I read a lengthy, in-depth analysis of General Electric Company (NYSE:GE). It was quite a damning piece, and it was long enough to be a novella. I tweeted out this image from the paper, since I found it funny that GE had paid for an advertisement that the WSJ decided to put right next to this corporate tear-down:
Of course, the contrarians out there probably decided that a piece of journalism this exhaustive and this damning would probably be a buying opportunity. And now, a mere two months later, we have the results: a nearly 50% increase in the price of the stock.
Simply stated, this major piece in the business section inadvertently called the bottom of one of the biggest equity routs in history.
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