General Electric Company
Thesis
Steve Tusa has maintained a bearish stance on GE, citing fundamental issues within the company and its management practices that have led to significant stock declines.
Did it work?
worked
confidence: high
The short thesis on GE played out: over the ~10-year period the stock declined 19.8%, a positive return for the short position and dramatic underperformance versus the broader market, which rose substantially over the same window. The fundamental and management issues cited in the thesis visibly materialized, including severe interim drawdowns, dividend cuts, accounting scrutiny, and the eventual breakup of the conglomerate. With more than a decade elapsed and the return clearly in the direction of the short, the verdict is high confidence.