Summary
General Electric has fallen to a fresh 9-year low.
The company plans to reshape its portfolio significantly and has planned spin-offs. I view asset sales as a positive.
Shares look moderately undervalued right here and could be a good long-term pick.
Article Thesis
General Electric (GE) is currently in the midst of a turnaround. Some of its approaches look promising, and due to a low valuation, shares look attractive for long-term oriented investors.
General Electric: In The Midst Of A Turnaround
General Electric's finance-heavy business model became a problem during the last financial crisis, and General Electric has rightfully decided to shrink GE Capital.
Due to the fact that General Electric's operations were not efficient enough, and due to the overall relatively bloated nature of the company, General Electric's earnings have been under pressure over the last couple of years.
