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NYSE:GE
This summary was created by AI, based on 14 opinions in the last 12 months.
GE Aerospace has garnered positive reviews across multiple experts, highlighting its strong performance in the aerospace and defense sectors. The company has shown resilience, with a solid backlog for aircraft and expectations for consistent earnings growth, estimated around 15%. Despite some short-term volatility and recent stock declines, experts emphasize the long-term potential driven by increasing global defense spending and robust demand for both new aircraft and aftermarket services. The aerospace engine segment, in particular, is commended for its market dominance and pricing power, with a significant portion of revenue stemming from service contracts. Additionally, the company is viewed favorably due to its strategic split from GE's other businesses, which should enhance focus and operational efficiency.
Their annual report is good-they're playing more offence and he now believes in their wind division. But they need travel to get orders from Boeing which pushes this stock up. He supports the CEO who has cleaned up the balance sheet.
A turnaround story that's broken $10 faster than he expected. GE has a huge tailwind from Boeing, whose 737 Max has now been approved; GE's aerospace business will boom because it makes the 737's engines. This boom will give the CEO breathing space to build up GE's healthcare and power divisions. His renewable business should benefit under Biden. In 5 months, vaccines should allow many people to fly again, which will be a huge windfall for its aerospace business.
It's a mishmash restructuring play. They made a blunder buying back so many shares in recent years. Don't throw more more into this if you own it. Doesn't like how it's been run. Instead, he likes industrials and would buy Honeywell.