Update on Wabtec/GE

At the beginning of the year, we took Wabtec (WAB) off our Buy List.

The company had plans to merge with GE’s transportation business. On Friday, they altered the terms of the agreement. GE will spin off some of their transport business to GE shareholders. What’s left over will be merged with Wabtec.

A prominent analyst at JP Morgan, who’s been a GE bear, did not like the latest news. Both stocks are down today. At one point, WAB was down 5%.

Posted by on January 28th, 2019 at 2:52 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.