Typically , Typical GE buy high sell low
https://www.google.com/amp/s/www.cnbc.com/amp/2018/08/10/ge-reportedly-may-sell-power-conversion-unit-for-half-of-2011-price.html
What is going to be left in a year. All because Johnny boy cannot make the move to cut the dividend to the bones this year.
My pastor is a great scholar and knows many things. He has not told me.
Anyone heard who wants Power Conversion yet
Gwo..and the stock is doing so well with all these divestitures. Immelt took his cash and retirement and is laughing at all of the GE leadership id--ts and shareholders.
So far, we have heard the following are on the chopping block.
Healthcare - to be spun off
Baker Hughes Oil and Gas - stock will be
Transportation - Sold to Wabtec via reverse Morris trust
Lighting - Americas looking for a buyer
Lighting - Europe sold to EU CEO
Appliances - Sold to Haier w/40 year brand rights
Water - Sold to Suiez
Power Conversion - Pending buyer decision
Distributed Power - Sold to Advent
Industrial Solutions - Sold to ABB
Energy Finance - Part sold and part pending
Digital - looking for a buyer
Global Operations - Pending Buyer decision for each part
Capital - Major product lines to Wells Fargo and others
Capital - Charge Cards spun off as Synchrony
Capital - Legacy Insurance is looking for a buyer
What will be left?
Aviation - Heard rumors some parts like Aviation Systems/ Non-Engine groups could be targeted
Power - Additional sites are being targeted for closing/ transfer of work or sale
Renewables - might get folded under Power to reduce an extra HQ
Capital - Additional parts up for sale just looking for buyers