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The Math Behind the GE Spinoffs Makes Sense. For Investors, It’s a Bet on CEO Larry Culp.
General Electric CEO Larry Culp is betting that splitting GE is the correct path forward for the once-mighty industrial conglomerate. Investors should bet that Culp is right by buying the stock.
Reviving GE (ticker: GE) hasn’t been easy. Culp has sold lots of assets, including the biopharma business and aircraft lessor Gecas. Now, GE’s epic turnaround has entered a new phase after announcing that it would break up into three companies: one dedicated to healthcare, another to power and energy, and a third to aviation. The…
