GE Aerospace Stock: Buy, Sell, or Hold?
The General Electric of old, a sprawling conglomerate, is no more. Today the GE ticker is fastened to GE Aerospace (NYSE: GE), a company focused on just one industry, aerospace and defense.
This more focused company is a worthy place for the iconic GE ticker to land. But is GE Aerospace stock a buy, sell, or hold today?
After the long-established General Electric spun off several businesses into their own entities and sold off the rest to others, GE Aerospace remained. The company's core business is providing parts and services to the aerospace and defense sectors. It's expected to be a very good niche, at least as far as Wall Street is concerned. Some industry watchers project that the consumer aviation industry will add as many as 45,000 new aircraft over the next two decades or so at a cost of $3.3 trillion. GE Aerospace is well-positioned to serve this growing industry and capture a good share of that market.
Source Fool.com
