The commercial nuclear business is less than 1% of corporate revenues.
Worldwide competition exists that presents a challenging market for GE.
No new US projects are on the horizon.
Better uses of capital from a nuclear business sale exists.
There have been a few surprises since I wrote a Seeking Alpha article about the General Electric Company (GE) entitled “General Electric: A Long Slog to Recovery” in November. New issues include long-term care liabilities, WMC mortgage risk and SEC investigations. Recovery is still a potential but more business changes are needed.
The past six months have continued to punish the stock:
Source: Yahoo Finance
CEO John Flannery has announced, in numerous forums, that GE is in the process of disposing $20B+ of industrial organizations. Presently included in the disposition process are Industrial Solutions, Value-Based Care, Aviation platforms, Current & Lighting, Distributed Power, and Transportation…
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