General Electric's transport business

Discussion in 'Stock Market Forum' started by WaveWage, Sep 11, 2015.

  1. WaveWage

    WaveWage Well-Known Member

    Sep 2015
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    This isn't really a "stock" news, it is really a surprising one to my eyes: General Electrics' affiliate for transportation business as been sold to Bank of Montreal, suddenly. Are General Electric breaking further apart as General Motors is maybe hardly recovering from the previous crisis with the cars' economy on the United States?

    The company has been brought at the price of $13 billion ($13,000,000,000, yes, count that zeroes). The CEO of the Bank said it would help return on equity. Is this also important for a part of US business transportation being handled by a Canadian company? Shouldn't be a problem in theory but I am wondering what it could mean.
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

    Feb 2014
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    I made a few shorting GE in April after they jumped up on news that they were selling off much of their financial and real estate holdings. I would have made more if I had held the short position longer than I did.

    The whole Dodd-Frank mess makes finance in America much more complicated than it has to be.

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