Archives for October 2018

October 2018 - Page 16 of 19 - Money Morning - Only the News You Can Profit From

What I Need to See from General Electric's New CEO

On my desk in my office here at Money Map Press is a yellowed newspaper clipping from mid-November 1997 – a Page 1A story featuring my byline.

I've kept this clipping for all these years because it was the last big "scoop" that I got for Gannett Newspapers in Rochester – right before I left for a job here in Baltimore.

I'd been covering the corporate flailing of the once-great Eastman Kodak for nearly five years – a journalistic vision quest that took me from Upstate New York to Silicon Valley, Hollywood, Japan, and even China.

The story that I broke that November was about a soon-to-be-announced corporate "restructuring" – a $1 billion, 10,000-layoff cost-cutting plan that Kodak was planning to share with Wall Streeters at a New York "event" the following Tuesday.

I didn't realize it at the time, but what I'd really written… was Kodak's epitaph.

The company's prospects had seemed much better four years earlier, after a huge shake-up at the top.

I still remember that brighter moment, when I was seated in the executive offices on the top floor of Kodak Tower in Rochester, N.Y.

Across the conference table from me was George M.C. Fisher, Kodak's just-appointed CEO and a vaunted "fix it" guy who was the first-ever outsider to lead the company.

I was there to interview Fisher. The topic on the table: the film giant's possible turnaround.

I was sitting in the room with a very shrewd executive, brought in from "outside" to right the ship...

The 3 Best Defense Stocks to Buy Now as $717 Billion Floods into the Industry

U.S. military spending is on the rise as the Pentagon seeks to address growing threats from China and Russia.

That means big profits for the three best defense stocks to buy now.

While investors could go for big, recognizable defense contractors like Lockheed Martin or Northrop Grumman, we found three under-the-radar stocks that have something they don't have – Money Morning VQScores in the "buy zone."

You don't see an opportunity this lucrative very often...