General Electric (NYSE:GE) has had a tough go of it for the past couple of years after its ill-fated decision to shed Capital and become a pure industrial. I've said many times I opposed that strategy from the outset and the chart below shows very clearly why. Heading into Q2 earnings, investors were surely eager to see some progress towards the goal of rising margins and strength in the legacy business, but unfortunately, as I suspected would be the case in my preview, all we saw was more weakness. And if you're still holding GE after the latest disappointment, you're a much more loyal shareholder than I am.
