Monday Sept 28, 2015
Last April GE finally announced plans to separate its finance unit. The thinking was that the industrial unit would carry a higher P/E.
And then, earnings estimates for GE began to fall. The falling oil price meant fewer opportunities for some of GE divisions. But having sold the finance unit, GE now has more money to buy back stock.
This article demonstrates many of the things we are studying in ACCT 3304 and 3302. Please read it this week so we can discuss it in class.
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