Does GE make money?
It makes tons of money. Even its financial arm pulled in billions last year despite the daunting market. But panicked investors are losing sight of the fact that GE has a host of other businesses that pull in huge amounts of cash everyday, all over the world. “This is a major plus. GE is a big player in infrastructure, energy, aviation and medical technology – and at current prices, we’d argue that investors get a chunk of all those concentrations for practically nothing. But then again, the argument becomes that if there is no company left, nothing is free. Q: Who owns GE? A: GE is huge, with over 10 billion shares outstanding and a shareholder roster that includes Warren Buffett (who recently purchased GE equity via preferred convertible shares) and other impressive names. “GE insiders have also been scooping up shares in recent months. Some paid more than $30 last year and are now averaging their cost lower by buying in the single digits. “In our view, when the dust clears, GE shoul
