Author Topic: GE - General Electric  (Read 19577 times)

Spekulatius

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Re: GE - General Electric
« Reply #60 on: August 11, 2017, 04:59:16 PM »
What do you guys think Flannery going to do that Immelt could not?

Are we talking "fixing the unfixable?" (Munger)

There's some word on the street that they should get back into capital and finance. And shouldn't have gotten out. Huh!

https://www.forbes.com/sites/christopherhelman/2017/06/12/unloved-immelt-out-at-general-electric-shares-surge/#1b1e8eec4ffb

.

Here's the long hand of Pelz/Trian at work,
http://www.businesswire.com/news/home/20170322005637/en/Trian-Comments-GE-Framework

Flannel is actually good at capital allocation, while Immelt wasn't. Immerzu bought high (oil business) and sold low (NBC etc). Flannel showed his mettle with the sale of household goods for a decent price and with the Baker-Hughes deal.

I think they are done with financial, except where it directly ties into their industrial and service business
« Last Edit: October 16, 2017, 03:49:44 AM by Spekulatius »
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james22

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Re: GE - General Electric
« Reply #61 on: October 09, 2017, 07:57:43 PM »
-4% yesterday, -26% YTD

Ever a point when attractive?


rb

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Re: GE - General Electric
« Reply #62 on: October 09, 2017, 08:00:10 PM »
-4% yesterday, -26% YTD

Ever a point when attractive?
At $20 per share it starts to get attractive. At $17 turn the taps full on.

Junto

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Re: GE - General Electric
« Reply #63 on: October 11, 2017, 06:24:06 AM »
-4% yesterday, -26% YTD

Ever a point when attractive?
At $20 per share it starts to get attractive. At $17 turn the taps full on.

Agreed. It's too early right now to jump in.  No proof that Flannery can turn the table but he will need to move aggressively. I was never a fan of Immelt and Immelt can argue he made strides in the pages of the Harvard Business Review but the stock has not supported this outlook.

I will be a buyer at $20 or lower as well.

handycap5

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Re: GE - General Electric
« Reply #64 on: October 11, 2017, 07:21:44 PM »
Steve Tusa from JPM is very negative (and has so far been generally right on his GE call) on the competitive dynamics and positioning of the power business. If anyone is closer to this, could you explain it to me? Thanks in advance.

Phaceliacapital

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Re: GE - General Electric
« Reply #65 on: October 12, 2017, 10:13:47 AM »
- End markets are weaker than market thinks
- FCF will therefore be lower and no longer cover dividend so dividend cut likely
- no more room to leverage for dividend buyback
- ...

Best part?

Unfunded pension of 31bn on mcap of 200.
The harder you work, the luckier you get.