div > div.group > p:first-child"> Shares of the industrial giant are up more than 34 percent so far this year, putting it on track for its second-best quarterly performance since at least 1971. But the torrid run hasn't been enough to sway two market watchers.
The investment expert stressed that he wouldn't go"anywhere near" shares of GE, which has been under pressure amid leadership changes, spinoff plans, the sale of its high-performing biopharmaceutical unit and less-than-favorable announcements regardingcash flow. "Basically, they sold off a good business to pay off debt. Then you've got GE Financial, and that's just a black box," he said."Open it up and who knows what kinds of skeletons you're going to find in the closet. And, quite frankly, investors don't like unknowns. GE is one big unknown. Investors don't like zero visibility.
Source: Energy Industry News (energyindustrynews.net)
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