They have very little business and going to get worse. Management has no clue.
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Divest the Nuclear business. All new plant orders from overseas going to Russians or Chinese state owned or subsidized companies. GE can not possibly compete with them.
It’s all going overseas or it another GE game to force the new corporate tax cuts by Trump.
Would bet nuclear will be part of the $20B asset sales Flannery mentioned in the earnings call. Though not sure who will buy this.
Basically, GE has to at least keep some minimum operations around Nuclear. It is more of a risk mitigation thing now. Plus with he current climate of Nuclear power since Fukushima, nobody will buy what we have.
had no idea GE was still in Nuclear?