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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (60089)3/12/2018 8:39:36 PM
From: Spekulatius2 Recommendations

Recommended By
bruwin
E_K_S

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Re GE - anyone went through their 10k? Supposedly WEB is studying it. I found the lack in cash flow and the insurance adjustments the most disturbing. GE had to increase their claim reserves from $18.7B to $30.5B. They stated that they need another $15B over the next few years, Apparently they don’t have enough funds to do it all at once. how can they underestimate the reserves in their insurance business by more than a factor of 2 x ? This is a somewhat regulated business , the elevated claim frequency in LT care contract can’t occur all of a sudden. Seems like a lot of folks are either incompetent or more likely need to do time for committing fraud. You can’t just create a $25B hole in short period of time, someone (or most likely many) have worked the numbers for a long time.

And again, the new officer for GE finance is a long timer (25 years), I think some fresh blood might do some good.
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