Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (39506)	10/11/2003 8:17:58 PM
From: Joe S Pack	Read Replies (1) of 74559

This recovery can be Jobless and GEless. There is also speculation that GE's power system business can propel it out misery is investment in that sector picks up. Immlet's legacy within two years is to buy 120+ companies worth $48B to show double digit growth. But it does n't look like it is working as of now. At this rate he may have to buy Microsoft (Intel or CISCO) next year to keep the rate of growth IMHO. As per this article GE is a AAA rated hedge fund. Message 19392236 GE Y/Y numbers. GE Industrial operating profit down 31%. GE Plastics operating profit down 55%. Power Systems revenues decreased 18% and profits declined 31%. Where is the recovery? GE Capital revenues grew 14%. GE is a hedgefund with AAA rating.

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