https://www.zerohedge.com/news/2018-12-11/ge-slumps-ominous-666-march-2009-lows
10 replies (most recent on top)
Spot on 1tbp.....truthBomb right there!
Honeywell may take over Flight ... I don't believe so IMO ....many other military companies to choose from...but commercial flight can go anywhere...and it will...
People and their future are no concern or consideration for the pigs at the trough... If you haven't figured that out by now... You are way below the average on the Bell curve...
Government only help for GE now. A deal between anyone and GE Av is solely dependent on the paycheck the deal makers can swing. They could care less about the future.
Can’t have Pratt be the sole bidder on everything in the future. Maybe the DOD will setup a sweetheart deal with Honeywell to take over GE Aviation so the they can keep the supply chains capitalized and the duopoly alive.
The uncomfortable truth about GE is that there really aren't any productive critical assets to keep alive. Once the market figures this out, the stock price will fall the rest of the way.
Aviation will be kept alive? Military? Wright Patt does most of military now. That leaves commercial flight which can be flown from any location .....kool aid is Berry punch loaded today ... Keep on drinking it ...
Aviation will be kept alive one way or another due to the needs of the military-industrial complex.
Agree that GE Corp HQ, Capital and related bad debt will likely be packaged as a bankruptcy.
However, before then I expect each Tier 1 to become its own public company with a tracking stock which would allow for a bankruptcy of the HQ/ GE Parent while keeping the productive and critical assets alive.
Best thing to do is shut this mess down. It’s game over. Bankruptcy is just around the corner.
Hail satan imo
So, what else is new?
Can’t see any value at all. Negative cash flow, debt exceeds assets, no dividend...how the hell can any analyst put a value on it?