There goes GE...

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There goes GE...

Unread postby NSSD70ACe » Wed Nov 15, 2017 4:19 pm

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

Looks like GE is dumping their locomotive business.
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Re: There goes GE...

Unread postby hoborich » Wed Nov 15, 2017 10:57 pm

Nothing is safe anymore.
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Re: There goes GE...

Unread postby csxcw46ah677 » Wed Nov 15, 2017 11:09 pm

NSSD70ACe wrote:http://money.cnn.com/2017/11/14/investing/ge-stock-dividend-turnaround/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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Re: There goes GE...

Unread postby Saturnalia » Thu Nov 16, 2017 12:27 am

csxcw46ah677 wrote:
NSSD70ACe wrote:http://money.cnn.com/2017/11/14/investing/ge-stock-dividend-turnaround/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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Re: There goes GE...

Unread postby fmilhaupt » Thu Nov 16, 2017 6:53 am

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?
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Re: There goes GE...

Unread postby SousaKerry » Thu Nov 16, 2017 11:18 am

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.
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Re: There goes GE...

Unread postby hoborich » Fri Nov 17, 2017 10:16 pm

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

Unread postby hoborich » Tue Nov 21, 2017 2:23 am

General Electric used to be a $60 dollar stock! Today it is $18 dollars. The company has lost two thirds of it's value!!!!!
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Re: There goes GE...

Unread postby Saturnalia » Thu Nov 23, 2017 8:10 pm

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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Re: There goes GE...

Unread postby hoborich » Thu Nov 23, 2017 11:28 pm

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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Re: There goes GE...

Unread postby Saturnalia » Fri Nov 24, 2017 9:50 pm

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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Re: There goes GE...

Unread postby PatAzo » Sat Nov 25, 2017 12:14 am

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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Re: There goes GE...

Unread postby TSB » Sat Nov 25, 2017 10:52 am

8)
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Re: There goes GE...

Unread postby J3rsdm5 » Fri Dec 22, 2017 9:51 pm

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
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Re: There goes GE...

Unread postby hoborich » Sat Dec 23, 2017 12:07 am

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:
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