Is General Electric Poised to Become the Dow's 2018 Comeback Story?
Investors in General Electric (NYSE: GE) have endured an abysmal 2017, seeing their stock plunge 40% so far this year in light of terrible business conditions, a change in management, and a 50% cut in its quarterly dividend. Shareholders have few reasons for hope in the immediate future from GE.
Yet one thing that long-term investors in the companies that make up the Dow Jones Industrials (DJINDICES: ^DJI) have seen time and time again is the ability to bounce back from adversity. In that light, should GE investors expect a great 2018 from the conglomerate? Let's look at some past stories of turnarounds to see what next year could bring for General Electric.
Image source: General Electric.
Source: Fool.com