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FYI: In early 2017, Mark Finn, manager of the T. Rowe Price Value Fund, noticed something a bit off about a meeting he attended with the top executives at General Electric, a longtime holding in the fund and over the years one of its largest positions. Jeffrey Bornstein, then the company’s CFO, seemed to be waffling on GE’s ability to meet its $2-a-share earnings goal, preferring instead to stress the “quality of earnings.” Sensing something was up, Finn and his analysts determined that things were going downhill more quickly than management seemed to be letting on. Regards, Ted https://www.fa-mag.com/news/a-keen-eye-for-trouble-37369.html?print
