GE reported a 16 per cent rise in profits from its continuing operations to $13.1bn for 2015, and predicted robust growth in earnings this year.
GE projects growth in underlying earnings from continuing operations of 11-18 per cent.
GE reiterated its commitment to raise profit margins again this year.
GE Operating profit margins in its industrial businesses, excluding the lower-margin Alstom operations acquired last year, rose from 14.2 per cent in 2014 to 15.3 per cent last year.
GE expects growth in China
GE has agreed to an improved 5.4 billion price for its appliance division.
GE has. 315 billion dollar backlog.
GE will return 26 billion dollars to shareholders
Some closed end funds have an almost 20% discount from net asset value (AOD, DEX ,APW, etc.) Investors are falling prey to a panic mentality.
Over 800 dollar on Amazon for a 6S phone with 64 GB. Who are they kidding? Every product they sell is over inflated.
At least give us the whole story! At least 3.50 earnings this year on 23 billion plus in revenues. A dividend of over 5%. Additionally, interest rates are low.
This is orchestrated panic selling. "Soon oil and gas will be 1 cent per unit." J, K. Snickersfeld III (the greatest swamp investor America has seen)
"Technology will make oil gas useless." Booorooms (weekly used financial paper for toilet paper in rural areas of the country
trading spread on GBX. What changed from morning to the afternoon to move it down after moving past 26. Fundamentals appear to mean very little in the face of this momentum trading.
PS: The Chinese market was actually up today.
It has a distribution yield of about 9% that it pays months. It is leveraged less than 2%. It's top ten positions appear to be solid stocks with the possibility of stronger earnings.
Snap-on, Inc. 1.77%
CVS Health Corp. 1.76%
Apple, Inc. 1.69%
BT Group PLC-SP ADR 1.49%
Dollar General Corp. 1.48%
Anheuser-Busch InBev NV-SP ADR 1.48%
EMC Corp. 1.43%
Thermo Fisher Scientific, Inc. 1.39%
Mondelez International, Inc.-Class A 1.34%
Avago Technologies, Ltd. 1.32
The "incident" is behind them. The company will be operating on all cylinders. Earnings during the next year should be great. Today's earlier decline of 12% was ridiculous. Smart investors picked up more shares.
Sorry, AWP is the symbol. Another two others with a near 20% discount are EOD.and AGD. There appears to be a large discrepancy between the historic discount from net asset value and the current discount (as of yesterday).
It currently distributes over 9 percent (amortised monthly), has a net asset value of over 8.30 (18% discount) and has risen 3% since my post on January 17.