Battered GE Shares Lure Some Buyers But Worst May Not Be Over Flamengo [54KY5QoJxOn]
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Battered GE shares lure some buyers but worst may not be over.
NEW YORK (Reuters) - General Electric Co shares stabilized after a brutal slide last week sent the stock near six-year lows, but the worst may stock not be over.
Some investors still do not see enough value to rousey warrant buying the shares, which have lost some of their luster as a blue-chip investment.
They are sorting through massive changes announced by GEs new mattia mosconi Chief Executive John Flannery last Monday: hugely reduced near-term profit-growth prospects, a halved dividend, and a wave of promised divestitures.