Originally Posted by
IamTheGreatest
GE is a day late and a dollar short. They have very little of their original
core business. Problems with CEO's in the past haven't helped. The reason it looked so good for so long was what they had in assets. Now that they've sold most of it off in the past 4 or so years, it made the P and L sheet look good, but they have no assets left, and they are picking up crumbs. It would be a crap shoot, but what I've read and seen is that it's a 2 dollar stock in the long term once everything corrects. I hope I'm wrong, GE has been arouind forever, but what do they really have left?
GE seems to be following a strategy that has proven successful for many corporations. They downsize to focus on their bread and butter divisions. As far as what they have left, the military contracts for their motors is as good an anchor a business can have. They have kept their most valuable components. Sometimes we cannot see the forest because the trees are in the way.
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