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Chris B
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GE's competitive advantage is that it is so big that it can attract low-cost AAA capital and finance its customers at rates lower than any smaller competitor could match. That is the foundation of the company's success.
Jan 12 10:47 am
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All Comments by Chris B »GE: Lose AAA Rating or Cut Dividend [View article]
If shareholders force management to sell this competitive advantage just to maintain a 7% dividend in one particular year, then this value-destroying decision and the subsequent decline of GE will be studied in business textbooks for years.