At the end of March, the rumour said that a potential major investor might enter. Attractive at the current stock price. Unconfirmed, but where is smoke, there is a fire. Not surprising that Buffett's name was mentioned. His holding Berkshire Hathaway had closed its invest last year on 30.06.. Since then, the price has dropped by more than 50%.
Will Buffett take a chance now to njump in? He showed his interest already with the words (freely interpreted), as far as the stock price is attractive again this (an investment) could happen.
This news stabilizes the GE stock price to this day and it formed an inverse SKS formation nearing activation. Numbers reported in mid-April showed that expectations were beaten, but the fundamental situation still remains fragile.
Here some news:
- General Electric is considering selling its large gas turbine business, Reuters news agency said, citing several people familiar with the matter.
- Alstom Exits Energy Joint Ventures with GE
- In addition, the SEC investigates GE for questionable accounting for services.
- However, the company is also in negotiations about selling the rail business to Wabtec. The deal could have a volume of $ 6.8 billion. That could attract investors.
In addition, the chart shows something like a bottom found.