Why is GE (General Electric) down 20% in 10 trading days?

[ironchef]

Can't make a silk purse out of a sow's ear.

Power: Fossil fuel generation is a dog, a dying business, renewal, they have no edge and behind the 8 ball. GE should never go big into power. Very capital intensive too.

Aerospace: Near term, no growth or at best slow growth.

Healthcare: The only bright spot but competition is tough.

Cost $2 B to split, a cost they can ill afford.

They should have kept GE Capital and tough it out like B of A, Goldman... instead, a fire sale, practically gave GE Capital away.

 

[maxinger]

many investors suggest people should buy blue chips and hold them for many many years.

Just imagine you bought it at 250 in 2017.
now it is worth 100.

 

[vanzandt]

Can't make a silk purse out of a sow's ear.

Power: Fossil fuel generation is a dog, a dying business, renewal, they have no edge and behind the 8 ball. GE should never go big into power. Very capital intensive too.

Aerospace: Near term, no growth or at best slow growth.

Healthcare: The only bright spot but competition is tough.

Cost $2 B to split, a cost they can ill afford.

They should have kept GE Capital and tough it out like B of A, Goldman... instead, a fire sale, practically gave GE Capital away.

All that and an industrial dinosaur with PE of 48, a dividend of .32, 70X fcf... and long term debt of almost $200 Billion.
Other than that... it's a peach.

 

[Nobert]

dinosaur

It was called Geblowoutozaurus, from Jurasic Period, 48M years ago ;
it had aprox body weight of 32 tones, around 70 feet long and only 200 bones were ever found.

 

[murray t turtle]

More sellers than buyers.

%%
That\ +more motivated sellers than buyers for so many years\LOL.
I would never confuse GE with a valuable market like Real estate , but they're sellers markets/LOL