This Hidden Aerospace Stock Is Up 470% in the Last 5 Years and Just Hit a New All-Time High
GE Aerospace isn't a cheap stock, but it's a cash flow powerhouse and has a wide moat.
Overview
According to an old song, breaking up is hard to do. In corporate America, sometimes it's necessary, and when executed properly, breakups and spinoffs can work in shareholders' favor.
GE Aerospace (NYSE: GE) confirms as much. The company is one of three publicly traded entities that made up the old conglomerate known as General Electric. Once one of the most storied companies in U.S. history, "old GE" was officially broken apart in April 2024, with the aerospace division retaining the GE ticker.
GE Aerospace has been a story stock over that past five years. Image source: Getty Images
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.