Thread regarding General Electric Co. layoffs

I'm not a corporate cheerleader, by any stretch. But I work for a supplier to GE Power so we follow their news reports closely.

Regarding Mr. T (can't use names on this site...) I won't say his theory is wrong, but I don't follow it and can't find the increasing evidence to support his theory that he talks about. Maybe he spells it out in the report he issued after the McCoy Power call, but that isn't publicly available. What really confuses me is that Mr. T points the finger at Services, which seems like the least of the problems in Power. Okay, the experience drain caused by telling their TAs the new outsourced company owned by GE pays much less was a big problem, but I'm not sure that would cause a huge profit loss.

The revenue from Services went down a bit, but not nearly as much as the GT orders decreased. The annual report and quarterly earnings statements don't spell out the profit from services and equipment, just the revenue, so maybe he has those numbers? He could be correct, but without those numbers, his theory isn't obviously correct. Not to me, at least.

Strazik sent out a video today claiming that Steve Tusa was wrong in this analysis of GE Power. Who do you think is right: JP Morgan's diligent analyst, or a company cheerleader in a pink shirt?

Say good Bye to the Schenectady Campus and all those blow hard Company believers. Time to get a new job

Who said they would sell it? If they can't get a buyer, they could always just load it down with the company's bad debt and spin it off to wind down.

The price you won't accept today may look more reasonable in 2020. Remember what happened to the housing market in 2008?

I don't see "walking away" as an option. Who would purchase the Gas Power business with the Alstom anchor attached? At least for a reasonable price.