General Electric (NYSE:GE) has had a bad year, to say the least, losing nearly half of its value since the start of 2017. Many investors are claiming that the bottom is near, and although we believe the company will make a comeback in the future, we'd prefer to sit on the sidelines and wait for a proven turnaround to take place.
GE data by YChartsApprehension among shareholders, along with troubled company segments, stand to put pressure on the stock; as a result, we see further downside and would not be buyers. Additionally, we feel better alternative investments are available in today's equity markets, reducing the attractiveness of GE.
