General Electric: The End of 'Dead Money'
The markets are down roughly half a percent today, but General Electric (GE) is up 1.36% at the moment. As shown in the chart below, GE has really done well in recent weeks. Below is a relative strength chart of General Electric compared to the S&P 500 over the last 10 years. As shown, GE underperformed the overall market for pretty much the entire 2000s decade. It underperformed during the 2003-2007 bull and also during the 2007-2009 bear. During the current bull market, however, GE has outperformed the S&P 500. There are lots of mutual funds and other investors out there that have owned this bellwether for years that really hope this continues. Is GE finally ready to lose the "dead money" label?
Showing posts with label seeking alpha. Show all posts
Showing posts with label seeking alpha. Show all posts
Tuesday, March 30, 2010
Monday, October 13, 2008
Seeking Alpha: General Electric Company Q3 2008 Earnings Call Transcript
Operator:
Welcome to the General Electric third quarter 2008 earnings conference call. (Operator Instructions) I would now like to turn the program over to your host for today’s conference Trevor Schauenberg, VP of Investor Communications.
Trevor Schauenberg:
Joanna Morse and I are pleased to host today’s call. Hopefully you have the press release from earlier this morning and the slides we’ll be walking through are available on our website at www.GE.com. If you don’t see it please refresh, you can download or print to follow along. As always elements of this presentation are forward looking and are based on our best view of the world and our businesses as we see them today. Those elements can change as the world changes. Please interpret them in that light.
We will be reviewing the GE press release that went out earlier today and have time for Q&A at the end. For today’s webcast we have our Chairman and CEO, Jeff Immelt, and our Vice Chairman and CFO, Keith Sherin.
Now I’d like to turn it over to our Chairman and CEO, Jeff Immelt.
Jeff Immelt:
On the overview page clearly to everyone the environment remains very volatile. The global financial system is tough. We see consumer confidence falling, unemployment up again last week but we still see pockets...
Read Entire Transcript at Seeking Alpha
Welcome to the General Electric third quarter 2008 earnings conference call. (Operator Instructions) I would now like to turn the program over to your host for today’s conference Trevor Schauenberg, VP of Investor Communications.
Trevor Schauenberg:
Joanna Morse and I are pleased to host today’s call. Hopefully you have the press release from earlier this morning and the slides we’ll be walking through are available on our website at www.GE.com. If you don’t see it please refresh, you can download or print to follow along. As always elements of this presentation are forward looking and are based on our best view of the world and our businesses as we see them today. Those elements can change as the world changes. Please interpret them in that light.
We will be reviewing the GE press release that went out earlier today and have time for Q&A at the end. For today’s webcast we have our Chairman and CEO, Jeff Immelt, and our Vice Chairman and CFO, Keith Sherin.
Now I’d like to turn it over to our Chairman and CEO, Jeff Immelt.
Jeff Immelt:
On the overview page clearly to everyone the environment remains very volatile. The global financial system is tough. We see consumer confidence falling, unemployment up again last week but we still see pockets...
Read Entire Transcript at Seeking Alpha
Sunday, June 29, 2008
Stock Analysis: General Electric (Seeking Alpha)
Company Description: General Electric is a diversified technology, media and financial services company. With products and services ranging from engines, power generation, water processing to medical, financing, media and industrial products....
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Wednesday, April 16, 2008
Recent News: Earnings Plungs, Shares Tempting, NBC Universal, and Jeffery Immelt
GE shares tempting after plunge: report
General Electric Co. shares, much cheaper after plunging Friday on disappointing earnings, are poised to rebound as a great play on the continued development of infrastructure globally, Barron's reported in its latest issue....
After GE's Miss, Who’s Next?
have argued for a while that US stocks are generally overvalued, as per my evaluation of General Electric. The only part of GE that has apparently performed well is Infrastructure, Financials, Medical, and Industrial have all proved to be a disappointment...
GE Will Still Shine - Barron's
General Electric’s earnings miss on Friday was a shocker even to management, and market reaction was understandable: GE has rarely disappointed the Street, and the $0.44 EPS was sharply below the $0.51 analysts expected. GE also lowered 2008 guidance from $2.43/share to $2.20-$2.30. Barron’s admits it was overly rosy on GE in June, but says investors shouldn’t throw out GE with the credit crisis bathwater. GE’s gas and wind turbines, jet engines and train units are riding the global infrastructure boom, with infrastructure accounting for 40% of GE’s earnings and a divisional 11% growth in Q1...
NBC revs up, GE stock slumps
NBCU posted a 3% year-over-year gain in operating profit and revenue in the first quarter, but the rosy numbers came against the gloomy backdrop of parent GE's results...
Two Important Lessons from GE's Earnings
In 1896, General Electric was one of the original 12 companies listed on the newly-formed Dow Jones Industrial Average. After 112 years, GE is the only original company remaining in the Dow. So when one of America's most respected — and largest — companies announced that their quarterly profits fell well short of expectations ... and warned that the rest of 2008 wasn't looking so hot ... I perked up...
GE's Immelt 'in the penalty box'?
General Electric's CEO Jeffrey Immelt is facing increasing scrutiny after last week's unpleasant earnings surprise sent the stock down 13%. GE is now trading near its 52-week low of $31.55, and major investors are not pleased...
General Electric Co. shares, much cheaper after plunging Friday on disappointing earnings, are poised to rebound as a great play on the continued development of infrastructure globally, Barron's reported in its latest issue....
After GE's Miss, Who’s Next?
have argued for a while that US stocks are generally overvalued, as per my evaluation of General Electric. The only part of GE that has apparently performed well is Infrastructure, Financials, Medical, and Industrial have all proved to be a disappointment...
GE Will Still Shine - Barron's
General Electric’s earnings miss on Friday was a shocker even to management, and market reaction was understandable: GE has rarely disappointed the Street, and the $0.44 EPS was sharply below the $0.51 analysts expected. GE also lowered 2008 guidance from $2.43/share to $2.20-$2.30. Barron’s admits it was overly rosy on GE in June, but says investors shouldn’t throw out GE with the credit crisis bathwater. GE’s gas and wind turbines, jet engines and train units are riding the global infrastructure boom, with infrastructure accounting for 40% of GE’s earnings and a divisional 11% growth in Q1...
NBC revs up, GE stock slumps
NBCU posted a 3% year-over-year gain in operating profit and revenue in the first quarter, but the rosy numbers came against the gloomy backdrop of parent GE's results...
Two Important Lessons from GE's Earnings
In 1896, General Electric was one of the original 12 companies listed on the newly-formed Dow Jones Industrial Average. After 112 years, GE is the only original company remaining in the Dow. So when one of America's most respected — and largest — companies announced that their quarterly profits fell well short of expectations ... and warned that the rest of 2008 wasn't looking so hot ... I perked up...
GE's Immelt 'in the penalty box'?
General Electric's CEO Jeffrey Immelt is facing increasing scrutiny after last week's unpleasant earnings surprise sent the stock down 13%. GE is now trading near its 52-week low of $31.55, and major investors are not pleased...
Monday, April 14, 2008
Recent News: More News about earnings dissapointment
GE LIGHTS OUT
Wall Street took it on the chin yesterday after conglomerate General Electric shocked the market with its first profit decline in years - and then wreaked further havoc when it lowered its full-year forecast. The results proved that even the all-powerful GE - whose businesses range from aircraft engines to medical devices to cable TV networks - wasn't immune to the credit crunch that has been rocking the financial sector since last summer...
GE: Immeltdown?
Investors aren't taking kindly to the earnings miss General Electric announced Friday morning. The company reported 44 cents vs. 48 cents a year ago and a consensus estimate of 51 cents. The stock is off by 12% at this time; since Jeff Immelt took over as CEO in 2001, it has fallen by nearly 20%, in a stock market that's up by 19% over the same period....
What Went Wrong at GE?
I won't go into detail because all the punditude doing that... But what I haven't heard from the punditude is the fact that GE is known for having the most managed earnings stream on the street... this never happens with them. So what changed all of the sudden? How much did things slow? Remember this is a company where insiders were buying hand over fist 1-2 months ago... So how sharply did things slow that last month?...
GE Falling Sharply - Time to Buy?
Sellers of mega blue chip General Electric are dominant in active pre-open and early regular session trading on the heels of a surprisingly weak earnings report from the conglomerate....
Stocks Plunge as GE Disappoints
Stocks plunged on Friday after General Electric reported much weaker than anticipated results, and lowered its earnings forecast for 2008, and consumer sentiment fell to a 26-year low...
Lessons of G.E.
Pondering the G.E. earnings miss yesterday leaves me with a handful of observations:
The economic downturn is accelerating. As Kathleen Shanley of Gimme Credit writes, “If there is another company that is as close a proxy for the overall economy as General Electric, we’re not aware of it.”...
Recession on: GE results flag
GENERAL Electric Company - the second-largest US company by market capitalisation - posted an unexpected 6 per cent drop in first-quarter profits on Friday, the biggest shock yet to an American industrial bellwether from the credit crisis and the latest sign the US economy may be in a recession....
Stocks fall sharply following GE results
Wall Street stumbled Friday after a disappointing first-quarter report from General Electric Co. surprised the market and stoked concern about the health of both corporate profits and the wider economy. The major indexes fell more than 2 percent, with the Dow Jones industrials giving up more than 250 points...
Wall Street took it on the chin yesterday after conglomerate General Electric shocked the market with its first profit decline in years - and then wreaked further havoc when it lowered its full-year forecast. The results proved that even the all-powerful GE - whose businesses range from aircraft engines to medical devices to cable TV networks - wasn't immune to the credit crunch that has been rocking the financial sector since last summer...
GE: Immeltdown?
Investors aren't taking kindly to the earnings miss General Electric announced Friday morning. The company reported 44 cents vs. 48 cents a year ago and a consensus estimate of 51 cents. The stock is off by 12% at this time; since Jeff Immelt took over as CEO in 2001, it has fallen by nearly 20%, in a stock market that's up by 19% over the same period....
What Went Wrong at GE?
I won't go into detail because all the punditude doing that... But what I haven't heard from the punditude is the fact that GE is known for having the most managed earnings stream on the street... this never happens with them. So what changed all of the sudden? How much did things slow? Remember this is a company where insiders were buying hand over fist 1-2 months ago... So how sharply did things slow that last month?...
GE Falling Sharply - Time to Buy?
Sellers of mega blue chip General Electric are dominant in active pre-open and early regular session trading on the heels of a surprisingly weak earnings report from the conglomerate....
Stocks Plunge as GE Disappoints
Stocks plunged on Friday after General Electric reported much weaker than anticipated results, and lowered its earnings forecast for 2008, and consumer sentiment fell to a 26-year low...
Lessons of G.E.
Pondering the G.E. earnings miss yesterday leaves me with a handful of observations:
The economic downturn is accelerating. As Kathleen Shanley of Gimme Credit writes, “If there is another company that is as close a proxy for the overall economy as General Electric, we’re not aware of it.”...
Recession on: GE results flag
GENERAL Electric Company - the second-largest US company by market capitalisation - posted an unexpected 6 per cent drop in first-quarter profits on Friday, the biggest shock yet to an American industrial bellwether from the credit crisis and the latest sign the US economy may be in a recession....
Stocks fall sharply following GE results
Wall Street stumbled Friday after a disappointing first-quarter report from General Electric Co. surprised the market and stoked concern about the health of both corporate profits and the wider economy. The major indexes fell more than 2 percent, with the Dow Jones industrials giving up more than 250 points...
Friday, February 29, 2008
Seeking Alpha - GE: Nuclear Growth Galore
Seeking Alpha
Can you name the one company that, for the past five years, has steadily increased its revenue YoY, earnings per share, dividends and per share book value, yet its share price has gone literally nowhere? That company, of course is General Electric – the mega-conglomerate with a market cap of $335 billion. As if these reasons were not good enough to love GE, consider that GE's current 3.7% dividend yield is roughly equal to the interest on the richest savings accounts. You'll also be happy to know that in today's volatile market GE is relatively safe, sporting a β of only .8, trading within about 10% of its 4-year low and at a P/E of about 15 - the very low end of its 10 year range...
Friday, June 29, 2007
SeekingAlpha on GE
- General Electric: The Dividend Champion (SeekingAlpha)
- Reflections on GE's New Compact Flourescent Lightbulb (SeekingAlpha)
- Is GE Ready to Return to Prime Time? (SeekingAlpha)
- Reflections on GE's New Compact Flourescent Lightbulb (SeekingAlpha)
- Is GE Ready to Return to Prime Time? (SeekingAlpha)
