General Electric is a leveraged POS and Immelt(down) knows it. He has been using the fed-pumped economy to sell off whatever assets he can because when the interest rates go back up, and they eventually will, GE's debt load is going to crush the company into BK IMO.
So today's news is that Immelt is now selling GE's fleet operations. Oh but don't worry says Jim Cramer's TheStreet.com, this will make the company stronger. Funny, I thought that strong companies had excess cash which they would then go buy productive assets with. I also thought that leveraged hobo companies were the ones you always see selling off their operations piece by piece. I suspect that GE got told by the federal reserve: "being little more than a shadow banks, you are a systemic risk to the economy. Start breaking yourself up on your own before the government comes in and does it for you".
Of course this is just speculation on my part but GE seems to be selling something else each time I turn around.
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