Quote:
Originally Posted by JustRalph
GE is a mess. Oil services division is bleeding executives. Aircraft engines is ok, but disorganized as hell.
They lost their ass last year in their power generation business and are selling off lots of contracts. It’s just plain gotten away from management.
They have over 50 multi million dollar power generators in the field that failed within 2 years and they have had to extend warranties and buy the units back in some cases. Loss from those units may top 200 million.
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somebody smart will take them over and re-organize the debt. that's why i suggested maybe Berkshire, because they owe them the money.
one thing for sure, Trump not going to bail them out
