There goes GE...

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NSSD70ACe
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There goes GE...

Unread post by NSSD70ACe »

http://money.cnn.com/2017/11/14/investi ... index.html

Looks like GE is dumping their locomotive business.
:roll:

the contents of the above post are my opinion and mine alone, and do not necessarily reflect the views of my employer.

hoborich
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Re: There goes GE...

Unread post by hoborich »

Nothing is safe anymore.
"Ask your doctor if medical advice from a TV commercial is right for you".

csxcw46ah677
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Re: There goes GE...

Unread post by csxcw46ah677 »

NSSD70ACe wrote:http://money.cnn.com/2017/11/14/investi ... index.html

Looks like GE is dumping their locomotive business.
I think this is going to be an interesting situation. I would assume someone is going to buy this division (Siemens maybe?), and I would assume National Railway Equipment (NREX), and others, will take over the rebuilding programs. We'll have to see how it turns out.

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Saturnalia
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Re: There goes GE...

Unread post by Saturnalia »

csxcw46ah677 wrote:
NSSD70ACe wrote:http://money.cnn.com/2017/11/14/investi ... index.html

Looks like GE is dumping their locomotive business.
I think this is going to be an interesting situation. I would assume someone is going to buy this division (Siemens maybe?), and I would assume National Railway Equipment (NREX), and others, will take over the rebuilding programs. We'll have to see how it turns out.
I'd think Siemens would be high up in the running, but they're busy taking over Alstom. I hope that it isn't that Chinese Rail company that's slowly eating everything. There's any number of international conglomerates that could take it over. I don't think it'd really go off on its own, a business like that needs a much larger parent to sustain it for R&D and such when times, like right now, are rough. That's why EMD is likely going to be much better, in the long-term, under CAT than all by itself.
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fmilhaupt
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Re: There goes GE...

Unread post by fmilhaupt »

For a while, at least, wasn't one of the big selling points for buying locomotives from GE that they seamlessly financed purchases through GE Capital?

If that feature were to go away, I wonder how it would affect the product line under new owners?
-Fritz Milhaupt

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SousaKerry
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Re: There goes GE...

Unread post by SousaKerry »

For a company that built it's reputation on manufacturing hard goods they sure are trying hard to get out of that market. Says a lot about where Wall street and the US is heading, make nothing and earn your money by passing money from one pocket to another.
What smells like lube oil and diesel.... Oh wait it's just my "Locomotive Breath"

hoborich
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Re: There goes GE...

Unread post by hoborich »

Now, if someone could just explain derivatives to me? :P
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hoborich
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Re: There goes GE...

Unread post by hoborich »

General Electric used to be a $60 dollar stock! Today it is $18 dollars. The company has lost two thirds of it's value!!!!!
"Ask your doctor if medical advice from a TV commercial is right for you".

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Saturnalia
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Re: There goes GE...

Unread post by Saturnalia »

hoborich wrote:General Electric used to be a $60 dollar stock! Today it is $18 dollars. The company has lost two thirds of it's value!!!!!
Good job being ignorant of how stock prices work.

Long story short: stock splits, buybacks, market cap, and a host of other things.

The actual stock price has little to do with the value of the company over time.
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hoborich
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Re: There goes GE...

Unread post by hoborich »

The fact remains kid, that GE stock has been on a downhill slide for quite a while.

By the way, I was in the stock market before you were born. Caught four splits on Dell stock back in the 80s and 90s, when Dell was hot..
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Saturnalia
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Re: There goes GE...

Unread post by Saturnalia »

hoborich wrote:The fact remains kid, that GE stock has been on a downhill slide for quite a while.

By the way, I was in the stock market before you were born. Caught four splits on Dell stock back in the 80s and 90s, when Dell was hot..
I don’t think age has anything to do with your display of disdain for stock market operations when it doesn’t help your potshot.
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PatAzo
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Re: There goes GE...

Unread post by PatAzo »

GE hasn't split since 2000 so that doesn't account for the drop in share price. They are in the midst of a buy back to reduce their outstanding shares 20%. In theory a buy back should lead to an increase in share price but it's primarily a way to pay investors. It's being financed with the sale of assets. GE's real problem is earnings. They have been down for some time. With the decline in share price GE's market cap is down s well. The company has indeed lost value. If the share price rebounds that will be a gain.

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TSB
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Re: There goes GE...

Unread post by TSB »

8)
5 years on college faculties
34 years working on railroads

RR is more fun

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J3rsdm5
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Re: There goes GE...

Unread post by J3rsdm5 »

From @GETRANSPORT on Twitter:
Agreement reached with @CNRailway to produce 200 Evolution™ Series locomotives over the next three years. https://t.co/aYQT6SaKtk https://t.co/ON5WhDVlnK
"If it ain't all red, it ain't red at all"
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hoborich
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Re: There goes GE...

Unread post by hoborich »

Senility ain't bad,
I wrap my own Christmas presents..
Apparently, I'v been married for 53 years.
Oh wow! Just what I wanted! :lol:
"Ask your doctor if medical advice from a TV commercial is right for you".

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