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To: Spekulatius who wrote (60516)	3/13/2018 10:05:34 AM
From: bruwin	Respond to of 78958

"Not all of it is Immelt fault (note their engine competitor Rolls Royce has cash flow issues too, due to the LT deferred revenue nature of service contracts). But it is the leadership job to have a near term and long term plan and make sure the business has enough cash to run." It could be argued by some that "not all of it is Immelt's fault", but he's been there for 17 years, only 3 years shorter than Jack Welch, and you'd think that he would have had enough time to have made a better job than he has, resulting in that major decline in GE's stock price. Very likely his peers thought along those lines when they drastically cut his pay. After all, as per Harry S. Truman ....

To: Spekulatius who wrote (60516)	3/13/2018 10:08:27 AM
From: robert b furman	Respond to of 78958

HI Spek, I think Immelt got caught up being a political figure vs GE's CEO. He made some good acquisitions with SBSE and a water purification company in Texas. He then got political and bought up the French train company Alstrom? What shows him to be off focus is as you point out the excellent job of smaller acquisitions the now retired CEO of Honeywell made over the last several years. The new CEO made a great robitics acquisition which has been a revenue grower. If you go back many years GE was going to buy Honeywell back in the days of Jack Welch and Larry Bossidy but got shot down with Mario Monte back when he headed up the EU's competition board. Honeywell has steered a much more profitable path to continued growth with less dividends paid out and more and better smaller acquisitions. Smaller acquisition do not gain the headlines , but I'm sure they are easier to digest and get contributing to the bottom line. GE is a long term turnaround, which may yet get very cheap and it may be prudent to bite the bullet and suspend the dividend in an effort to get healthy quicker. No Position. If I were to begin nibbling it would be after a dividend suspension and or with $10.00 long term puts. GE daily : screencast.com HON daily : screencast.com Bob