Often, a company's announcement of massive dismissals results in a sharp uptick in its stock price. Because, say analysts who follow the stock, everyone already suspected as much. The only question mark involved the number.
Many analysts think so.
There's a confluence of factors that make this the sweet spot. Its price to 2001 earnings ratio is 36. Heymann points to other factors as well. GE stock has been taking a beating along with everybody else in the market. Then there's the gag clause in the merger agreement with Honeywell, which will make it hard for the company to say anything until the merger is completed sometime before April.