General Electric stock down almost 50%

Discussion in 'Men's Economics' started by master.on, Dec 9, 2017.

  1. master.on

    master.on Member

  2. Kakarot

    Kakarot Member

    Samsung makes nicer shit. Newer companies in the appliance sector making newer more innovative designs.
     
  3. master.on

    master.on Member

    Most GE revenue comes from financial services
    and airplane turbines, locomotives, industrial robots, industrial materials sell more than consumer appliances.
    General Electric - Wikipedia

    GE even owns Whatman!
    Country Selection - GE Healthcare Life Sciences
     
    Kakarot likes this.
  4. ickyrica

    ickyrica Member

    GE is fine. They are in the middle of a headquarter renovation and relocation in Boston, are redeveloping part of a neighborhood in Boston and have a 12 story addition to their headquarters slated to be built in a small handful of years.

    I believe the philanthropic efforts to be somewhere near 50 million. The construction efforts are somewhere around a quarter billion. This is all happening as the cities seaport district is exploding with residential and commercial properties developing at a high rate and the Wynn casino is being built maybe a mile or two down the road.

    GE is doing a ok and picked a perfect little city to call home. Glad they are here.
     
    Xlgx likes this.
  5. Bradly

    Bradly Member

    getting out of the lightbulb business is killing them
     
  6. master.on

    master.on Member

    Did you mean incandescent bulbs,
    or "saver" screw on neon or LED?
     
  7. Kakarot

    Kakarot Member

    I still stand behind my reasoning. Public perception is reality....the face of GE to the general public is washers, dryers and household shit if the public sees that that's losing ground......
     
  8. Aces

    Aces Member

    A stock just doesnt get cut in half for no reason. Its all about the growth rate and the fact that it slowed rather sharply is why its down and will probably stay down unless drastic changes are made and GE can get better growth.
    Look at some other industrial stocks and how strong their charts are.. why invest in dead money.
    The biggest mistake investors make is buying a well know stock when its been in a strong downtrend. Buy stocks in an uptrend.
     
    master.on likes this.