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. Stock
€148.00
0.000%
With 35 Buy predictions and not a single Sell prediction General Electric Co. is an absolute favorite of our community.
With a target price of 162 € there is a slightly positive potential of 9.46% for General Electric Co. compared to the current price of 148.0 €.
