The writing is on the wall/internet-
Among GE’s business segments:
Aviation revenue rose 4.0% to $6.08 billion.
Power revenue dropped 13% to $4.66 billion.
Healthcare revenue declined 4.1% to $4.63 billion.
Renewable Energy was down 5.6% to $4.19 billion.
I herd managers talking about layoffs in 273 it’s about to happen here in Schenectady. Just a matter of when
1drq+1eYhm1kJ. Isn't that exactly what you just did? You can't make this sh!t up, hilarious, keep up the comedy!
Go ahead study those quarterly reports. They are easy to read and mean nothing. But hey if it makes you feel smart, just keep plowing along. Head in the sand. Ok by me. But you should know you ain't to smart. That's ok we can't all be geniuses.
@1drq+1eYhm1kJ has it right.
Quarterly reports do not support the ups and downs of GE stock. We are in a period of centralized control at the hands of the fed and treasury. Currently trying to tap dance the way back down to some sense of market based resource allocation. The traditional market rules have not applied for decades. This may end badly but the Fed and Treasury cannot allow all of the liquidity to dry up to fast. That's what the plunge protection team is for. Air goes out to fast and the global financial system will freeze up. Can't have that chaos. The fed will ultimately be there with the bailouts and they will try to use price controls to keep some of the inflation down. So more shortages and black market growth. We are in uncharted territory at the global level. Hold onto your rear ends. Anything can happen. The reset is underway.
The Fed just sealed the fate of alot of folks in Schnectady... check out the stock price!
The bottom 80-100 on the list in Schenectady should be worried.
There won’t be any layoffs my union rep told me so.
I heard it 25% Job cut accross the board both at Schenectady and Carolinas.
Get out of power while you can, get to Aviation. It's the only business worth keeping.... That's why it's the only one they're going to keep at the end of this mess.