
NYSE:GE
This summary was created by AI, based on 16 opinions in the last 12 months.
GE Aerospace has received predominantly positive reviews from various experts, highlighting its strong position in the aerospace and defense sectors. The company benefits from a significant backlog in airplane orders and service revenue due to ongoing delays in the next generation of jet engines. Analysts see the aerospace engine business as robust, with significant demand leading to pricing power and long-term service contracts. The consistent growth prospects, indicated by strong earnings growth forecasts and an expanding market share, suggest that the company is well-positioned for future success. However, some experts caution that the stock might be approaching a fully valued state after substantial gains over the past year.
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.