GE Is Ditching 2 of Its Units: Why It Won't Matter to Investors
When General Electric (NYSE: GE) CEO John Flannery presented the company's investor update on Nov. 13, the stock market didn't take it well. It sent GE shares below $19, lower than they'd been since 2012. As part of the update, Flannery officially announced that he was looking to sell $20 billion in assets, including the company's transportation and consumer lighting units.
While this may sound pretty dire -- perhaps even a little like a breakup of the conglomerate -- it's actually unlikely to matter much to investors. Here's why.
Things look pretty bleak for industrial conglomerate General Electric thanks to a trend of underperformance and a dividend cut. Image source: Getty Images.
Source: Fool.com
General Electric Co. Aktie
154,00 €
1,32 %
Die General Electric Co. Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Das Kursziel von 167 € für General Electric Co. weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 154.0 € hin.
