Seeking Alpha

GE forecasts infrastructure growth of 10-15% in emerging markets

  • GE (GE) Vice Chairman John Rice expects the conglomerate's infrastructure businesses to expand 10-15% outside the U.S. and Europe in the next 5-10 years.
  • Rice projects that GE's infrastructure operations in China will enjoy "healthy double-digit" growth in the coming years, having expanded 15-20% recently.
  • However, the uncertainty in the global economy will make financing projects more complicated.
  • Rice singled out GE's oil and gas equipment business as a key growth area.
Comments (8)
  • joegillam
    , contributor
    Comments (287) | Send Message
     
    With this optimistic projection it must be time to bump the dividend!
    6 Oct 2013, 08:47 AM Reply Like
  • StayCool
    , contributor
    Comments (79) | Send Message
     
    Or make another strategic acquisition!
    6 Oct 2013, 10:30 AM Reply Like
  • RWMostow
    , contributor
    Comments (1325) | Send Message
     
    It's been time to do many things. GE is a frustrating holding, IMHO.

     

    -rwm
    6 Oct 2013, 02:28 PM Reply Like
  • Bugle Boy
    , contributor
    Comments (82) | Send Message
     
    I read the Reuters article quoting Mr. Rice. If accurate, it is little more than a forward looking article, devoid of facts. It truly reports that GE for sees a 10%-15% expansion in next 5-10 years. Not per annum, but overall. If this is accurately reported, the annual range of expansion over the period is 1%-3%. Let us hope the phrase "per annum" was either unstated but meant or else not accurately reported. Hope that the actual remarks have been published by now for fact checking. Lazy reportage in any event.
    6 Oct 2013, 03:15 PM Reply Like
  • swampfox45
    , contributor
    Comments (7) | Send Message
     
    This is a very positive "prediction." But I wonder why there is never an increase in the dividend to stockholders?
    6 Oct 2013, 03:37 PM Reply Like
  • Mike Slattery
    , contributor
    Comments (97) | Send Message
     
    To swampfox45 -

     

    Your time-frame for the period "never' must be pretty short. If you do not own GE, you can be forgiven for not being too close to the facts....which are that the dividend HAS been increased in each of the last 3 years (in the December announcement) and WILL be increased with the coming Dec-13 statement.

     

    In summary, the dividend has been increased in 15 of the last 17 years (the 2 exceptions being in the crisis years of Dec-08 and Dec-09).

     

    You need more patience! For full disclosure, I am long GE.....and very satisfied to date.
    6 Oct 2013, 04:44 PM Reply Like
  • RWMostow
    , contributor
    Comments (1325) | Send Message
     
    1%-3% can be within a margin of error, so predicting expansion at that rate is not a prediction at all. Now if the prediction were 10% per annum for five years, then it would be a positive.

     

    "Never an increase..." is not accurate, but the divi in my opinion is so penurious that it might as well feel like "never."

     

    -rwm
    6 Oct 2013, 03:49 PM Reply Like
  • joegillam
    , contributor
    Comments (287) | Send Message
     
    Right you are, RW. Come December they will tease us along with some puny 4 cent raise and Mike and his amigos will jump for joy. Based upon GE's holdings and performance they should be up with the rest of the big boys and be paying 4.2% or so. You had it right, they are the most frustrating thing in my portfolio!
    7 Oct 2013, 07:57 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|