The long awaited announcements from GE are now in. Dipping my toes in, ever so slightly.
GE will focus on 3 sectors – Healthcare, Aviation, and Power. Cutting quarterly dividend in half to $0.12 share, $0.48 annual. Also downsizing board to 12 from 18.
Certainly no short supply of skeptics out there. Pretense is long-term value play. I expect good thing to come from cost cutting, dividend cut and spinning of businesses. GE is not going out of business any time soon.