No, even GE will be taken out and shot once Welch leaves and people realize it is just a glorified finance company that could trade at one-third its current value in a bad market, and if it were valued like its financial brethren, IMHO.
I will grant that half of their revenues are from financing, but to say that GE is a glorified finance company is just plain wrong.
From the Market Guide excerpt at Yahoo:
"General Electric (GE) is one of the largest and most diversified industrial corporations in the world. GE's products include major appliances; lighting products; industrial automation products; medical diagnostic imaging equipment; motors; electrical distribution and control equipment; locomotives; power generation and delivery products; nuclear power support services and fuel assemblies; commercial and military aircraft jet engines; and engineered materials. GE's services include product services; electrical product supply houses; electrical apparatus installation, engineering, repair and rebuilding services; and computer-related information services. Through the National Broadcasting Company, Inc., GE delivers network television services, operates television stations, and provides cable, Internet and multimedia programming and distribution services. Through General Electric Capital Services, Inc., GE offers a broad array of financial and other services."
More at yahoo.marketguide.com |
