Ge Is The Kind Of Inventory That ‘I Have No Time For’ Anymore

“Once that happens, everyone’s excited: ‘Oh, he’ll sell off units, he sold off financial units,'” Brown said.
The CEO of Ritholtz Wealth Management explained he had already been considering selling his stock in GE, and after the company was continuously “raked over” by sell-side analysts, he dropped out.
“That’s the kind of thing I have no time for,” Brown, author of the widely read blog The Reformed Broker, said on “Halftime Report.
“Brown said he’s open to revisiting the stock in the future but for now, thinks there are better places to be allocated.
Money manager and popular blogger Josh Brown told CNBC on Monday that he sold his General Electric stock shortly after the announcement that CEO Jeff Immelt would step down.

Read more on: http://www.cnbc.com