FYI: Two decades ago, General Electric was the most admired company in the world, a global colossus hailed for its ability to wring out inefficiencies and generate wealth. But there seems to be little to like about GE today.
The company (ticker: GE) lost $6 billion in 2017 after a series of charges and impairments, and cut its dividend by 50%. The Securities and Exchange Commission is investigating its accounting. Its stock price has fallen 51% in the past 12 months, to about $15, and its market capitalization has shrunk to $130 billion from a peak of nearly $600 billion in 2000. The long slide has been particularly painful for individual investors, who make up an estimated 40% of GE’s shareholder base.
Regards,
Ted
http://www.cetusnews.com/business/General-Electric’s-Dim-Prospects.SJAfuVSvG.html
