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  • gar4one gar4one Jan 19, 2013 4:12 PM Flag

    GE's Excess Profit dilemma

    By Scott Malone

    (Reuters) - What's Jeff Immelt going to do with the money?

    .............General Electric Co shareholders are wondering what the company's chief executive plans to do with a cash windfall that could total tens of billions of dollars over several years as the company sells its remaining stake in NBC Universal and recoups more of the profits earned by finance unit GE Capital.

    Last year GE Capital sent $6.4 billion back to the company's headquarters in Fairfield, Connecticut. Analysts estimate that the unit could generate a similar amount of cash this year.

    But GE could get an even bigger infusion in mid-2014, when it is set to cash in on its option of selling the rest of its stake in NBC Universal to Comcast Corp. The stake is currently valued at roughly $17 billion, but the final price and timing of the deal could vary................

    Ge has a P/E of 17. If FSLR managed to even deliver $3.50/yr a share this acquisition is worth $59 per share.

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