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`lag

Joined: 12/13/1999 Posts: 62574
Likes: 14988


Interesting, classic "falling knife" stock...


a while back, got me a few times, so yeah, interesting in hindsight (after I learned to just stay away) that they're breaking it up. Sort of the classic corporation around 2000 that it was really made their money as a big bank, (like GMAC for GM, etc.) Guessing the idea here is to bring back focus on the products, medical, aircraft, renewable energy? although reading that hurts their credit worthiness, ie, 2 outta three should be doing well. On the other hand, . Healthcare and aircraft have been doing OK apparently and might be more interesting now as pure plays.

Anyway, GE seems like one of those shaggy dog stories going back years and here's a resolution.

PS Noting that GE sold its appliance business to Heier group in China in 2016. I have three big appliances, dishwasher which I've had for 20 years, stove about the same and microwave in 2016 which I'll believe is Heier b/c it was dirt cheap.

[Post edited by `lag at 11/09/2021 4:10PM]

(In response to this post by HokieR)

Posted: 11/09/2021 at 3:42PM



+1

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Current Thread:
 
  
GE to split up into separate companies -- HokieR 11/09/2021 2:58PM
  Was in Plastics out of VT and through my mid 30s -- Wo xin Hokie 11/09/2021 5:51PM
  Read "Lights Out" -- hokiehunter07 11/09/2021 4:54PM
  I believe the CHICOMs own GE's appliance division -- EDGEMAN 11/09/2021 3:53PM
  Not sure. It was sold long ago. The appliances -- HokieR 11/09/2021 4:08PM
  Yes, no. ** -- `lag 11/09/2021 3:54PM
  Interesting, classic "falling knife" stock... -- `lag 11/09/2021 3:42PM
  GE Capital their biggest mistake ** -- capitals1 11/09/2021 3:26PM
  It was a cash cow. Until it wasn't ** -- HokieR 11/09/2021 4:10PM
  Along with GMAC etc... ** -- `lag 11/09/2021 4:44PM
  Yep. change the name, PR problem solved. ** -- `lag 11/09/2021 11:27PM
  Correct ** -- VT Pez4Life 11/09/2021 5:20PM
  Exactly, PMI giant until things went bust. ** -- Vtskier1 11/09/2021 4:10PM

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