Chamois16

Three Companies Perfectly Positioned to Bridge the Energy Gap

Maybe Mr. Fessler should meet Mr Quinn, also of seekingalpha

General Electric: Genuine Risk of Collapse?
by: James Quinn November 17, 2008 | about stocks: GE

General Electric (GE), the legendary American institution, founded in 1878 by Thomas Edison, is in deep trouble. Its PR machine has been in constant spin mode as the company sinks deeper into despair. It is one of the few companies in the U.S. that still retains a AAA rating. Considering Moody’s and S&P’s track record, rating companies and financial instruments, that AAA rating is not worth the paper it is written on. One look at GE’s balance sheet will convince you they do not deserve a AAA rating. AAA companies do not need to take the desperate actions that GE has taken in the last few months.? etc etc in a very long screed.

GE, Microsoft on New Low List

I think we may be underestimating GE's infrastructure position, which transcends the "green" idea. They have fielded 9000 1.5MW windturbines at $3.3M per to date, and the order backlog is growing, but they also build world class gas turbines (series 7 and 9) for utilities, have arguably the best new reactor technology in the ESBWR and dominate the transportation market with aircraft engins, pipeline flow compressors, shipboard propulsion turbines and locomotives. The financing unit is synergistic in enabling the sales of the big ticket items, some of which exceed $100MM each. I think the household appliance business is on the way out and maybe aircraft leasing. I am starting a position here at $30-31, despite six sigma and the past mistakes.