General Electric (GE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : General Electric (GE)

GE 307.27

+0.7%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: E_K_S	11/29/2018 11:31:00 AM
	of 3256

GE may be eyeing larger Healthcare IPO Nov. 29, 2018 7:53 AM ET General Electric (NYSE: GE) may be contemplating a much larger Healthcare IPO, up to 40% vs .20% previously, while abandoning the plan to spin the remainder. That's according to Gordon Haskett analyst John Inch, who maintains an Underperform rating on shares, with a PT of $10. The move would allow the shrinking conglomerate to claim continued partial ownership of the life sciences business and retain the option to sell down more healthcare stake to address longer term liquidity issues. Inch sees a larger Healthcare IPO to be akin to a general equity capital raise, "except that GE would be selling off more of a prized, stronger cash generating asset (GE Healthcare) vs. selling equity proportionately from underperforming/challenged businesses (GE Power). Monetizing healthcare to pay down debt would also appear to be the last "bullet" GE has left in the foreseeable future to swing market sentiment to the positive. Source: Bloomberg First Word --------------------------------------------------------- One of their last good assets. Now they want to sell of of that. EKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next