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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (59913)	10/12/2017 12:21:20 PM
From: E_K_S	1 Recommendation Recommended By MCsweet Read Replies (3) of 78806

The $31 Billion Hole in GE’s Balance Sheet That Keeps Growing Pension shortfall is the biggest among S&P 500 companies At $31 billion, GE’s pension shortfall is the biggest among S&P 500 companies and 50 percent greater than any other corporation in the U.S. It’s a deficit that has swelled in recent years as Immelt spent more than $45 billion on share buybacks to win over Wall Street and pacify activists like Nelson Peltz. When it comes to dealing with GE’s pension, Flannery may have few good options. While many other companies, including General Motors Co., have offloaded some of their obligations to insurers, it could come at a considerable cost because of how big and underfunded GE’s pension has become. The company has the largest projected benefit obligation of any S&P 500 member and among the top 10, no one has a lower funding ratio. ---------------------------------------------------------- Maybe that was why they sold those assets to ABB that may have helped them 'off load' some of those pension obligations. Maybe more of that to come. EKS

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