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Non-Tech : General Electric (GE)

GE 304.26

-1.4%

Nov 4 3:59 PM EST

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To: Fintas who wrote (3096)	5/6/2019 12:29:07 PM
From: E_K_S	Read Replies (1) of 3256

"...BUT the longer GE stays above certain technical areas and the MORE time it has to turn that ship and other, then the better the chances and move to higher numbers...." I think it has more to do w/ earnings and the quality of those earnings. Also it's about the future run rate for revenues after the divestiture of the different divisions. It's not really "technical" but maybe that is more of a measure of psychology of the investor. For that I would focus on the OBV which is still negative -$4.8Bln shares. Only until this turn positive will the long term prospects may/could be positive again. Remember NOK years ago (around 2000) a $50/share stock w/ excellent prospects in the mobile phone business. Lots of FCF and a pretty good R&D department. After 2008 it was downhill, hitting a low of $1.65/share in 7/2012. They could never really reinvent themselves and revenues plummeted. Now in 2019, still w/ a negative OBV (-1.134BLN) and getting better (was -3BLN in 2012) they are growing their 5G services and finally seeing revenue growth. W/ a market cap of $29Bln (was as high as $280 Bln in 2000). GE and NOK are similar in many respects. Both have sold off assets, trying to build sustainable revenue streams and reinvent their operations/services. One of the big issues w/ GE is they still have to figure out how/what to do w/ their finance/insurance div (divest themselves of those liabilities) and must deal w/ their unfunded pension liabilities. That's the boat anchor around GE's neck. A structured BK would be the easy solution. Good Investing EKS

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