The U.S. conglomerate, General Electric (GE), has been a pioneer is almost all its streams of business and the management knows the rules well for growing the company even during financial recession or oil price volatility or any other scenario which serves as a headwind for continued growth. The strength of the company is well demonstrated through the right mapping it does when it picks companies to be acquired and which could create a difference for it in the domain of business. That’s why when Alstom (ALSMY) deal got initiated it raised several eyebrows of GE’s rivals as this acquisition is expected to create a vital addition to GE’s product line and could boost its top line to a considerable extent. The beauty of GE’s business lies in the diversification of business line across various industries, such that when one industry is down the other might be in the boom thus pulling up sales chart for GE.
Lately, the management has provided prediction on the third quarter numbers of the fiscal year which were pretty bleak for the investors. Yet, investors are holding to the stock and are not short-selling it. Let’s dive in and find out how GE has been growing through the year and what the company expects to see in the upcoming quarters as it enters a new year. Continue Reading »