UTX - Rethinking General Electric
Hedge fund manager Josh Friedman explains why GE stock is more interesting to him than its debt (screen capture via Bloomberg).
A Second Look At GE
Last month (Crash Protection For General Electric), I noted that General Electric (GE) was extremely expensive to hedge, and I explained that that was often a warning sign of worse to come, as it was in the case of Sears (OTCPK:SHLDQ). Bloomberg's interview with Josh Friedman on Friday prompted me to take a second look at GE, though, as I explain below.