Just in time for him to announce a successor who will tear up the blueprint and start again. Still, as he considers whether to ditch the company’s headquarters in Fairfield, Connecticut over state tax laws, perhaps for a sunnier climate like Atlanta, Immelt remains steadfast. Maybe, after the next recession, GE will be a growth stock again, but that will be after Jeff Immelt retires, and his successor has begun his (or her) own reinvention of the firm. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Amigobulls nor any of the data providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.

The GE stock is up 20% this year, but that still puts them 25% below where they were in September, 2001, when Immelt took over from the legend who made the company a financial and media powerhouse.
He has written for every medium from newspapers and magazines to Web sites, from books to blogs. Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The company is having trouble getting its quirky ads, featuring a young programmer trying to explain his new job with the company, heard and is moving toward ads on “live” programming, sponsoring segments in late night. Amigobulls has not verified the author’s positions in the stocks discussed, and does not provide any guarantees in this regard.

A self-directed retirement investor now, he was formerly with ZDNet, CMP, and is currently with SeekingAlpha. The author may be paid by Amigobulls for this contribution, under the paid contributors program.

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