By Karim Rahemtulla This is the fourth time we’ve made money on General Electric (NYSE: GE) in the past nine months.
Ever since Larry Culp, former Danaher CEO, took over the reins at General Electric, the shares have been on a tear. It was no different today, with shares setting a new 52-week high after releasing great numbers this morning.
The shares moved up more than 10% on news that General Electric beat earnings and revenue estimates. Of course, this is just a game on Wall Street. The earnings and revenue estimates had been lowered several times last year.
So in reality the numbers weren’t that …read more
