Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Nobody gives a rat's ass...
wes


Stable

Status: Offline
Posts: 243
Date:
RE: Nobody gives a rat's ass...
Permalink  
 


If you owned 70% of the market for anything and were loosing money what would you do?

Duh.

 



__________________


Force Majeure

Status: Offline
Posts: 20901
Date:
Permalink  
 

wes wrote:

If you owned 70% of the market for anything and were loosing money what would you do?

Duh.

 


 Raise prices.

Oops, Snippy fell into that one.



__________________

Do the math... 45 + 25 = 46 

Those who can make you believe absurdities can make you commit atrocities.  - Voltaire

Oh, shit. world.angry= https://youtu.be/x2YLS80Nmls?t=7m36s



Upgraded Condition?

Status: Offline
Posts: 7895
Date:
Permalink  
 

Snippy wrote:
wes wrote:

If you owned 70% of the market for anything and were loosing money what would you do?

Duh.

 


 Raise prices.

Oops, Snippy fell into that one.


 Move the division/facility to an area with cheaper to pay workforce. Move to an area with a lot of newer/younger employees that would allow cheaper health/insurance.

Build new facility where the local and state governments make impressive tax and water sewer electricity cuts.

Get rid of/ cripple the union. right to Work Laws.

 



-- Edited by Calvin on Tuesday 14th of November 2017 02:43:44 PM

__________________

 

 

 

Uke


Cured

Status: Offline
Posts: 25275
Date:
Permalink  
 

Ya gotta ask why GE wants ta dump their locomotive biz after all these years. It's a mighty big question considering the strength of their share of the US, and world market for new locomotives.

The big problem for new locomotives is the contracts that sell so many to the US freight outfits. They have this clause whereby they'll replace failures with a new unit for a broken unit, one to one. And the maintenance thereof... The deal always looks good to the buyer. But the seller (GE) has to eat the costs for all this horse trading. It's a money loser. Sell 'em cheap(er) than comparable EMD units. But GE still owns 'em forever! As good as they may be (The GEvos, Dash-9s, and everything else) they're only as good as when they're working, pulling freight!

So why do they (GE) wanna shed 'em?

https://www.dallasnews.com/business/economy/2017/11/13/ges-new-ceo-may-put-fort-worth-locomotive-plant-600-employees-sale



__________________

Oops, 504!

Something did not respond fast enough,
that's all we know...

 

 



The Forum Celestial Advisor

Status: Offline
Posts: 12582
Date:
Permalink  
 

GE wants to "shed" the locomotive division because the locomotives today are
state of the art and the perfect time to sell that operation to a new buyer that
agrees to keep the show going and GE make a gazillion dollars from that sale
and GE no longer paying for labor to build locomotives.

__________________

"I live in the 114th most peaceful country in the world".

Uke


Cured

Status: Offline
Posts: 25275
Date:
Permalink  
 

The Krink wrote:

GE wants to "shed" the locomotive division because the locomotives today are
state of the art and the perfect time to sell that operation to a new buyer that
agrees to keep the show going and GE make a gazillion dollars from that sale
and GE no longer paying for labor to build locomotives.


 Seems as though no buyer has stepped up. GE won't make a 'gazillion' dollars, or any dollars while this just simmers along, and no buyer has been found to buy their locomotive, or 'transportation' division. Perhaps they'd do better by parceling pieces of the transport div's. best sellers off... Traction controls, motors, signaling, loco-maintenance/repairs, car lease biz, etc. Then there's light bulbs. The original 125 year old business that put GE at the top of the world!

How the mighty fall.


 General Electric Co GE to sell locomotives, lighting units under turnround plan Read next fastFT US joins global stock slide; S&P 500 down 0.8% 3 hours ago Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Save to myFT November 13, 2017 Ed Crooks General Electric plans to sell its businesses making locomotives and lighting, as new chief executive John Flannery battles to strengthen its fragile cash position.

Giving a presentation to analysts and investors in New York, Mr Flannery said the sales of about a dozen businesses worth $20bn or more would include two of its oldest business lines, which both have their roots in the 19th century. The disposal plans came as GE said it would cut its dividend for only the second time since 1938, reducing it from 24 cents per quarter to 12 cents. Mr Flannery said he had a full recognition of the gravity of this decision, and the effect it has on many people, but that it reflected where we are as a company right now.

He said the company had hoped when it made the decision to sell off most of its financial services operations in 2015 that cash flows from its industrial business would have risen to support the dividend. Instead, the opposite has happened. Cash flows from industrial operations have slumped, from about $11.6bn in 2016 to an expected $7bn this year, and are expected to rebound to $9bn-$10bn next year*. Underlying earnings per share, which the company had been targeting at $2 for next year, are now expected to be in a range of just $1-$1.07, in line with this years expected earnings of $1.04-$1.12.

The company is also borrowing $6bn to pay additional contributions into its pension fund that it expects to be due over 2018-20. The weak earnings outlook contributed to a renewed fall in the GE share price, which by mid-morning in New York was down 3.6 per cent at $19.75. Mr Flannery described 2018 as a reset year, and added: We know what we need to do, and its showtime. *This post has been amended to correct the industrial cash flow outlook for 2017 and 2018.

 



-- Edited by Uke on Wednesday 15th of November 2017 11:06:02 AM



__________________

Oops, 504!

Something did not respond fast enough,
that's all we know...

 

 

Uke


Cured

Status: Offline
Posts: 25275
Date:
Permalink  
 

Maybe GE's newest CEO knows something nobody else knows...especially all those Wall Street analysts and stock market experts!

:https://www.marketwatch.com/story/ge-ceo-buys-over-1-million-in-stock-on-the-dip




-- Edited by Uke on Thursday 7th of December 2017 09:04:01 PM

__________________

Oops, 504!

Something did not respond fast enough,
that's all we know...

 

 

Uke


Cured

Status: Offline
Posts: 25275
Date:
Permalink  
 

Perhaps they're gonna give it another go, since nobody seems interested in buying out their 'transportation' division.

Hard to explain their latest... http://www.getransportation.com/locomotive-and-services



__________________

Oops, 504!

Something did not respond fast enough,
that's all we know...

 

 

«First  <  1 2 | Page of 2  sorted by
 
Quick Reply

Please log in to post quick replies.

Chatbox
Please log in to join the chat!