GE Is Ditching 2 of Its Units: Why It Won't Matter to Investors

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.

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Source: Fool.com