Author Topic: GE - General Electric  (Read 73677 times)

LongHaul

  • Hero Member
  • *****
  • Posts: 542
Re: GE - General Electric
« Reply #260 on: December 16, 2018, 10:24:21 AM »
That was an AWESOME WSJ article on GE.  Thanks for posting Liberty.

There are real businesses there.  It is extraordinarily hard to know the real profitability of GE because I think their accounting was aggressive.  My opinion is that the culture was a really rotten one.  Power seems a very large part of the issue - not sure how much.

My opinion - $10b is likely a fraction of the issues here. 

It is also interesting to note that GE took on very long term liabilities with the LTC insurance and got completely hosed.  Super risky.    Then GE turns around and does a lot of long term deals (20+ years) in power (some for apparently uneconomic prices).   This is just insanity.

Sam Walton had a simple and effective philosophy when he ran Walmart.  He told the truth.





Spekulatius

  • Hero Member
  • *****
  • Posts: 2557
Re: GE - General Electric
« Reply #261 on: January 31, 2019, 04:27:20 AM »
Looks like stock is trending upwards, despite what looks like horrible results:
https://finance.yahoo.com/news/general-electric-swings-small-profit-113647216.html

Expectations must be really low.
To be a realist, one has to believe in miracles.