Jim Cramer on GE Aerospace: "Self-Improvement Here Is Extraordinary"

GE Aerospace (NYSE:GE) is one of the stocks Jim Cramer shared his take on. Cramer called the company’s CEO the “savior of the old GE,” as he said:

How about GE Aerospace? It’s the best of the best. Self-improvement here is extraordinary. CEO Larry Culp is one of a kind, the savior of the old GE, the architect of the most successful breakup of all time. Two years ago, the stock was at 62, came in hot, 318 today. Just a monster. So what happens?… GE Aerospace, nothing but net, just fantastic, every line, including ones that have been a tad disappointing previously. Gross margin improvement, remarkable. GE stock opens down a tad, then rallies to 310 before wilting and finishing down more than 7%, 295, nothing wrong. But an A student who gets more As… that doesn’t get any praise, and in fact, gets criticized.

GE Aerospace (NYSE:GE) manufactures commercial and defense aircraft engines, power systems, and related components. In addition, the company provides maintenance, repair, and overhaul services along with spare parts for aviation and military applications.

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