General Electric (GE) Message Board

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Non-Tech : General Electric (GE)

GE 290.68

-3.4%

Nov 20 3:59 PM EST

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To: GVTucker who wrote (1342)	8/2/2000 1:50:05 PM
From: Dennis	Read Replies (1) of 3256

"Meanwhile, the company's financial services division continues to dominate the top line. The division's 28 businesses range from lending houses to insurance firms. IT POSTED $16.5 BILLION IN SECOND-QUARTER SALES, UP 23% OVER A YEAR EARLIER AND MORE THAN HALF THE COMPANY TOTAL. Earnings for the division rose 17%." Taken from the IBD article dated August 2, 2000 I don't see why this is a bad thing.....sounds pretty damn good to me. The other article says GE's PE is twice that of other financial corps.,.....well why not ...the other companies don't sell light bulbs, etc. ....ggg

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