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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (21927)1/21/2005 1:10:43 PM
From: GraceZ  Read Replies (3) | Respond to of 116555
 
with co.s like GE -- finance a big part of the biz -- I just assume earnings are fudge

Did you actually look at the statements before making your comments?

The financial is 43% of the revs but only a third of the earnings. Because of the losses in insurance they had far better growth in the non-financial (16 vs. 10% YOY). Some of this growth was due to acquisitions, but it would be hard to fake the 17% increase in Advanced Materials revenues and 32% growth in Healthcare revenues.

Whether this kind of growth continues in the future is anyone's guess but it's irrational to dismiss such good growth in such a large and diversified company as "fudge".