[SeekAndFind]

SOME HIGHLIGHTS

• Company to focus on Aviation, Power and Renewable Energy
• Healthcare to become standalone company; GE expects to monetize 20% and distribute remaining 80% of GE Healthcare to shareholders tax-free
• Plans to fully separate Baker Hughes, a GE company (BHGE)
• Strengthening the balance sheet: Clear path to reduce debt by $25 billion, achieve Industrial net debt to EBITDA of less than 2.5x by 2020 and further de-risking GE Capital
• Businesses as center of gravity: Leaner corporate structure with $500+ million in savings
• Plans to maintain current quarterly dividend through completion of Healthcare separation
• Larry Culp to succeed Jack Brennan as lead director
• Company to host a call with investors at 8:30 am ET

GE will be a focused high-tech industrial company that will be easier for investors to follow and measure with a significantly improved balance sheet to support its remaining businesses:

• GE Aviation continues to be a leader in the aviation industry. GE technology powers two out of every three commercial departures around the world and GE’s global installed base includes more than 65,000 engines.
• GE’s energy strategy, driven by GE Power and GE Renewable Energy, is based on offering a full range of energy solutions across the electricity value chain that bring affordable, reliable, efficient energy to businesses and consumers. GE powers more than one-third of the world’s electricity and has a valuable installed base of approximately 7,000 gas turbines, with a track record of increasing productivity.
• GE will continue to invest for the future and lead in innovative technologies like additive manufacturing and digital to lead the next wave of industrial productivity.

[VRWCarea51]

And in a year GE Health will be no more...most likely file for bankruptcy now that the Feds don’t have to pay them for any loses.

HAHA Another one takes in the Arse for suckling to Obama and his Socialist wet dream.

[allendale]

GE is a wounded publicly traded company with big debts and huge pension obligations. It is currently selling at a historic low of ~$13.50/share but still has annual total sales exceeding $100 billion and some profitable sub divisions. When wounded giants are bleeding in the water they attract investment banker sharks and their bloodless acquisition, merger and liquidation specialists. IMHO GE is a takeover target whether its management is willing or not. Suspect the sum of its parts minus liabilities exceeds $30/share. Any Freeper thoughts?

[Buckeye McFrog]

Or they can go back to making crappy clock radios...

[Svartalfiar]

How does every major company always have so much debt? Are there not any big ones that run their business without always borrowing money? GE shows profit margins of around 10% for the past 12 years... How does that turn into millions of dollars of debt?

[Secret Agent Man]

Yeah you know the renewable energy market has a vast history of total winners in it.

[catnipman]

i totally fail to see the synergy of aviation and renewable energy ... unless, that is, they plan to fly solar panels and windmills behind airplanes ...

[aquila48]

Ge has become a shell of the iconic company it once was, thanks to Immelt.