Monday is the day John Flannery is supposed to outline his plan at the GE Investor Update starting at 9am. I believe he also will be speaking at the UBS Industrials and Transportation Conference on Wednesday. Although GE Transportation is one of the highest margin businesses GE owns, the feeling is that they will let it go. Possibly someone like Komatsu buying the drive motor side, Siemens or Bombardier the rail portion. The other option, probably more likely due to the down market fetching a lower price on a sale, would be a spinoff. That could be good or bad. Just depends on how they structure it. Many companies in trouble often transfer a lot of their debt onto the spinoff which eventually bankrupts them. Has happened to countless spinoffs over the years. Unfortunately seeing how they have run things, I believe the latter is what will happen ending GE Transportation as we know it along with countless employee's lives being forever changed as the ones at the top rake in hundreds of millions.
We shall see the direction they intend on heading very soon. Hoping for the best but expecting the worst.
We shall see the direction they intend on heading very soon. Hoping for the best but expecting the worst.