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Non-Tech : Kirk's Market Thoughts
COHR 185.70+2.2%Dec 8 3:59 PM EST
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To: robert b furman who wrote (5000)9/25/2017 1:17:53 PM
From: Kirk ©   of 26731
 
Now for the correction.
GE makes a lot of low margin electrical appliances that provide low margin competition from China / eastern countries.
GE sold that appliance business some time ago and used the $ to pay dividends and buy back shares.

The sale announced today is G.E.’s Industrial Solutions Business

nytimes.com

Swiss Firm ABB to Buy G.E.’s Industrial Solutions Business for $2.6 Billion
By CHAD BRAYSEPT. 25, 2017

LONDON — The Swiss engineering firm ABB Group said on Monday that it would buy General Electric’s business that provides circuit breakers and other electrical equipment for industry for $2.6 billion, as the American giant looks for ways to shake up its operations

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