When your new CEO admits almost right off the bat that the place is kind of a shithole, you really can't expect your company to be going too great. And while GE shareholders have come to accept bad results, messy bitches causing ratchet drama and a deep distrust in the long-term recovery process as commonplace, you've got to believe that this still hurts...
"We believe the chances that GE could be removed from the Dow are increasing as GE continues to face substantial challenges including earnings and cash pressure, tough global power generation markets, aggressive downsizing, shrinking its portfolio, management shake-up and SEC investigations," Deutsche Bank analyst John Inch wrote Wednesday. "Apart from GE's other challenges, as the company's absolute share price has continued to drop, GE increasingly falls into the category of outlier and consequently a likely candidate for removal."
That's a report from Deutsche Bank saying that GE is about to get kicked off the Dow for the first time in more than a century. That's insane! It belies logic and reason to see this actually written down...One has to literally stand back from the screen to fully comprehend the meaning of what one is reading.
Deutsche Bank found a large publicly-traded company to punch down at!
Life is crazy you guys.