Jim Cramer on GE Aerospace: "It Produced Bountiful Gains for Anyone Who Believed"

GE Aerospace (NYSE:GE) is one of the stocks Jim Cramer recently shared thoughts on. Cramer praised the CEO, Larry Culp, during the episode, as he remarked:

“I’m drawn to companies that are doing new things, innovating, improving, but most companies just aren’t doing that. I’m drawn to companies like the one Larry Culp re-invented, the old General Electric, now GE Aerospace. He led an amazing turn, and it produced bountiful gains for anyone who believed. It made you a huge amount of money, a life changer for all who got a piece of it…

What Larry created here, the three huge businesses that could have been, well, nothing if he hadn’t taken drastic action is testament to what you can do if you’re a thoughtful, hardworking, driven, big thinker like Larry… who saved one of the most storied companies on earth that was teetering on the precipice when he was, when he got there.”

GE Aerospace (NYSE:GE) develops and produces aircraft engines, components, and power systems for commercial and defense use. The company also provides engine maintenance, repair, and overhaul services.

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Disclosure: None. This article is originally published at Insider Monkey.