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Stock impact report

GE: Baker Hughes Deal A Forced Sale? [Seeking Alpha]

Westinghouse Air Brake Technologies Corporation (WAB) 
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am Check Earnings Report
US:NYSE Investor Relations: wabtec.com/investors
Company Research Source: Seeking Alpha
Summary General Electric ( GE ) cannot seem to reassure investors as the pace and amount of proceeds from asset sales do not find comfort, and investors still consider the shares to be a big financial black box. The company is making real progress in selling parts of the business, but the proceeds in relation to the size and potential earnings power of these activities can be debated, certainly the share sale in BHGE . The situation remains utterly complicated and challenging despite multi-billion transaction proceeds, as management has a formidable task at hand. The only positive news in this complicated dilution is the truly depressed valuation, which is the reason for my cautious optimism, but that is the only positive in this story. Moving Out Of Baker Hughes GE announced a secondary offering of 92 million Class A shares of BHGE at $23 per share, as underwriters are granted the option to sell another 10% of the shares. The company furthermore has agreed to Show less Read more
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