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fra53ine

fra53ine
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  • GE's Jeff Immelt: 'The Age Of Natural Gas Is Upon Us' [View article]
    If any of Mr. Immelt's strategies were sound GE would not be trading at half of what it was in 2001. Its amazing that GE now announces that natural gas is the future???? Aubrey McLendon knew that 10 yrs ago!
    I'm a fan of breaking up the company and saving the $1B annually Fairfield sucks up.
    Feb 26 09:38 AM | Likes Like |Link to Comment
  • GE to invest a further $10B on "ecoimagination" energy R&D [View news story]
    Agree with dealraker, GE comes up with cutsey words and phrases but doesn't deliver on the bottom line. It's management has demonstrated over the last 12 years it can't effectively manage its diverse portfolio, hence breaking up the business is a logical step.
    Time for the silly monikers "ecomagination, eco-imagination, eeekitsmasturbation are long gone... bring in Icahn and start returning real value to the long time shareholders started by saving the $1B annually to support Fairfield.
    Feb 26 08:43 AM | 1 Like Like |Link to Comment
  • GE's Immelt: 'We End The Year With Momentum' [View article]
    Obviously none of you long GE holders owned stock when it was at $56. Since that time, 12 years later, Mr Immelt and the board have taken the company to about half that value. Its' US counterparts, Hon, UTX et al have made up the lost ground and actually are adding to their pre-crash position. I believe it is clear that GE today is too broad based to develop a coherent strategy and one that is controllable. One analyst several months ago made a strong case for splitting the company into its major segments. Its' high time for such a move since the market is not responding to any of the strategies Mr Immelt and the board have put in place since 2008.
    Jan 20 11:36 AM | Likes Like |Link to Comment
  • Here's What General Electric's Big Bet On Crowdfunding Looks Like [View article]
    Just what GE needs, a larger version of the show "Shark Tank". It has to focus on GE Capital and review the risks it poses that almost sank the company in 08.
    Nov 12 06:55 AM | Likes Like |Link to Comment
  • Buffett exercises crisis-era warrants on GE stock [View news story]
    I think we are missing a key point, it was GE mismanagement of its Capital portfolio that cost the shareholders the Buffett warrant. Buffett saw GE was in chaos and went for the throat.
    My further dismay is that GE in yr 2000 was trading at about $52. While the banks and Industrials have recovered GE hasn't even reached 50% of the 2000 price in 13 yrs!
    Oct 18 06:47 AM | Likes Like |Link to Comment
  • General Electric's Transformation Continues On Track [View article]
    If you are betting on GE to improve financials from Avio, Lufkin or any other aerospace acquisition forget about it. In 2008 GE paid $5B for Smiths, a group of aerospace businesses with disasterous results.
    Those same companies are now up for sale with GE having divested two to date.
    Sep 2 07:25 AM | 1 Like Like |Link to Comment
  • General Electric's (GE +1.4%) CFO Keith Sherin will become CEO of GE Capital this summer, replacing Michael Neal, WSJ says. [View news story]
    Great move, Keith Sherin knows there are no short cuts to sustainable growth and also what to pare in the Capital portfolio. Look forward to a re-shaping of the Capital business and the divestiture of the high risk holdings.
    Jun 7 06:41 PM | 2 Likes Like |Link to Comment
  • General Electric Adds Another Wing To Its Wings [View article]
    Apparently Mr. Khan isn't familiar with the GE acquisition of Smiths in 2008. It paid around $5B for a business doing $2.5B annually. After acquiring the business it hired/assigned 300 people to manage it by inputting GE systems and processes into the businesses. Today it has several of those businesses on the market.
    For the same money in 2008 companies such as Rockwell, Goodrich and numerous other better quality companies may be had.
    Regarding GE stock price, those of us that have owned GE since yr 2000 have had a rocky ride under Mr Immelt. The stock was trading at $52. and has never gotten back to that in 12 yrs. While some blame can be placed on the economy meltdown when one compares GE to UTC, LockMart, Honeywell et al their performance is sub par.
    Dec 24 07:57 AM | Likes Like |Link to Comment
  • General Electric Adds Another Wing To Its Wings [View article]
    Be cautious, GE has never found an acquisition it couldn't screw up. It has a knack for taking its' business processes and mandating that on all its' acquisitions no matter how large or small or what market it is in hence its' dismal record on acquisitions.
    Dec 22 10:36 AM | Likes Like |Link to Comment
  • General Electric (GE) will pay $4.3B to purchase the aviation unit of Avio from P-E firm Cinven. The purchase price for the aviation business represents a multiple of close to 8.5X 2012 estimated earnings. Shares of GE are off 1.1% premarket. [View news story]
    As this would be a bolt on for GE, they must be looking to buy out their "revenue share partner" if they believe they can get more juice out of the spares and MRO than the Avio mgt is getting. The downside is on the investment side for new engine development since GE will now have to fund the Avio share of the non-recurring. However GE's track record on managing acquisitions it could be a train wreck.
    Dec 21 07:18 AM | 1 Like Like |Link to Comment
  • General Electric (GE +0.8%) is on the brink of buying Italian aerospace group Avio SpA for nearly €3B ($4B). A deal is expected to be announced as early as Thursday, though there are still no guarantees. Avio makes components for commercial and military jet engines as well as propulsion systems for satellite launch vehicles, and with two-thirds of it's aviation business with GE already, the U.S. industrial conglomerate is the clear front-runner to buy the company. [View news story]
    Looks like GE wants out of those revenue sharing agreements and keep 100% of the engine aftermarket....good move if they can stand the up front investment on new engine development
    Dec 18 07:36 AM | Likes Like |Link to Comment
  • GE intends to launch a new program tomorrow aimed at increasing its service revenues, which reached $42B last year and tend to be more profitable. GE will unveil initiatives to help its customers use its equipment more efficiently. The drive is part of GE's efforts to improve margins, and looks like it's connected to the conglomerate's promotion of the concept of the "industrial Internet." [View news story]
    Then I would expect GE's operational costs to reduce and its aftermarket services sales top line to increase. We'll see what happens in Q1, 2013 whether this is real or another ecomagination .
    Nov 28 12:41 PM | Likes Like |Link to Comment
  • General Electric (GE): Q3 EPS of $0.36 misses by $0.01. Revenue of $36.3B misses by $500M. (PR[View news story]
    Surprised by the size of the rev miss in the markets identified. The Wind Generator business needs another look after the China debacle.
    Oct 19 08:00 AM | Likes Like |Link to Comment
  • John Krenicki, who's leaving as GE vice chairman at the end of the year, is set receive $89K a month until 2022 on the proviso he doesn't join a competitor for three years. Under Krenicki's exit package, which is worth an estimated $28.3M at least, Krenicki will also receive $14.8M of stock options and restricted stock units, and a projected bonus of $2.8M.  [View news story]
    Very strange, if anyone should be leaving it should be the CEO.
    Aug 2 07:12 AM | 7 Likes Like |Link to Comment
  • Chesapeake Energy (CHK) boasts employee benefits from Botox injections to NBA tickets, but here's a most unusual perk: ~12% of its workforce could enjoy a windfall if control of the company changes. For some employees, that means cash payments of 50% of salary plus 50% of their latest annual bonus. Some are asking whether recent board changes already have triggered the provision.  [View news story]
    What other conspiracies against the shareholders are yet uncovered ? This company appears to be so tainted by greed and outright fleecing of its owners it should be taken over by a company who will manage it as a reputable company should be managed.
    That 1600 employees get this outrageous perk is disgusting, Where the hell is the CFO and the HR leadership in allowing this BS to happen. We already know where McLendon is at.
    Jul 17 09:00 AM | 2 Likes Like |Link to Comment
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