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| Economy |
| Reckoning at Hand for General Electric? |
| 2018-02-20 |
| [American Thinker] If your hackles are not yet up concerning the outlook for highly indebted multinational companies such as GE in a possible looming crisis of 2018, they ought to be. From September 2008 until recently, we operated in a new world without traditional controls, prepared to believe everything and happy to own almost anything. Skeptics were mocked, as markets rocked. However, in recent months, benchmark interest rates in the United States ‐ the largest market in the world ‐ are trending upward after ten years at historic low levels. As interest rates rise, most asset values will fall. Declining asset values are especially worrying for complex borrowers like GE. Now, investors are, again, agonizing, trying to assess how rising interest rates will affect the values of companies. It is no wonder that GE and its stock price should be back in the spotlight. Awaiting Crucial GE Details GE's comprehensive annual report for 2017 will emerge soon. Meanwhile, selling pressures have accentuated following the disappointing fourth quarter 2017 "earnings call" on January 24, 2018. |
| Posted by:Besoeker |
| #9 There is no such thing as 'enough' profit. Profits must grow to the sky, or else. |
| Posted by: Anguper Hupomosing9418 2018-02-20 12:08 |
| #8 GE's railroad locomotives put GM's Electromotive Division out of business, but now the GE locomotive business is up for sale. Supposedly, the locomotive business doesn't make 'enough' profit for GE. |
| Posted by: Bobby 2018-02-20 12:05 |
| #7 Bought a GE dishwasher once, an oven too. Never again. |
| Posted by: Abu Uluque 2018-02-20 11:36 |
| #6 Of course the whole goal was make it a government revenue stream for the disposal of all of those CF with mercury. Imagine, mercury has been banned and blacklisted for years and the environazis use it like crazy without consequence. |
| Posted by: Sock Puppet of Doom 2018-02-20 10:44 |
| #5 as a component of the Dow 30 I was reading something (probably Zero Hedge) that GE won't be part of the Dow 30 in the near future. It's a shithole company now, and like P2K, I will not forgive a company who helped kill off the incandescent light bulb. I still have a bunch of them, but holy mother of god, how fucking PC do you have to be to make a certain kind of light bulb illegal? |
| Posted by: Raj 2018-02-20 09:59 |
| #4 That would be the GE who's Obama loving management got the Royal Decree issued to kill the old inexpensive light bulbs in order to force Americans to buy the more expensive substitutes with mercury in them? |
| Posted by: Procopius2k 2018-02-20 07:56 |
| #3 All that slavish simpering in support of The Won didn't buy any relief from the iron laws of the market. Rometty at IBM and Barra at GM are going to join Immelt in that sad club. |
| Posted by: M. Murcek 2018-02-20 07:48 |
| #2 Supporting write-offs like NBC and obamas fake energy policy will come back to bite you. You have not brought good things to life since the 60's. You are now a pariah and I will think you as such. What do you think of them light bulbs? |
| Posted by: newc 2018-02-20 03:25 |
| #1 Could get interesting...as a component of the Dow 30, could bring down some index fund/ETFs. |
| Posted by: DooDahMan 2018-02-20 03:18 |