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-0.000337040781934667 0.00033029996629587 -0.00269632625547697 -0.00101112234580388 0.00640377485675771 0.000337040781934547 0.00134816312773843 0.00208291203235585
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Will The SEC Probe Be GE Power's Sword Of Damocles? [Seeking Alpha]

GENERAL ELECTRIC (GE)  More Company Research Source: Seeking Alpha
Last general electric earnings: 4/23 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
PDF Summary In my previous article on General Electric (NYSE: GE ), which was published on Dec. 31, 2017, I detailed several significant financial and operational issues related to the company's largest segment. On Jan. 24, 2018, GE reported that there was an 88% decline in profits in the Power division compared to the prior year. I also stated that based on the author's proprietary financial model which he developed utilizing his skills as a former CPA, GE's stock may very well trade significantly below the company's 52-week low of $17.36. The article gave my price target within six months at $14.63. I'm maintaining this price target until I review GE's 2017 10-K, which is due to be filed by March 15, 2018. It is of critical importance to me that readers of this article fully understand that is not my intent to speculate about the outcome of the SEC probe, which in my view might take a protracted period of time to be resolved. Hopefully, my article will shed more color (a t [Read more]

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