General Electric Company
General Electric Company (GE) is a multinational leader in heavy equipment and a financing giant. General Electric does business through eight segments around the world. The company’s operating segments are power and water, oil and gas, energy management, aviation, healthcare, transportation, home and business solutions, and GE capital. “This conglomerate sells products ranging from jet engines and gas turbines to consumer appliances, railroad locomotives and medical equipment. It is also a leading provider of consumer and commercial financing” (S&P Capital, 2015). GE is a diversified company and has many products and services throughout its industry.
The outlook for the company is competitive and growing. The industry conditions remain strong. Being so diversified across the market helps GE to be able to focus on many different areas and not be dependent on only one product or service in the business industry to keep the company profitable.
The financial position of the company is very solid and positive. Over the past six years GE is operating with an increasing net income year over year. Revenues and cash have increased over prior year, while current liabilities have decreased.
The General Electric Company has been a company name that has been around since 1892. The economic outlook looks promising that it will be around for many more years to come. GE is “well positioned for growth supplying high technology products and services critical for economic development across the globe” (S&P Capital, 2015).
In the past six years dividends have increased. This is one strong indicator this would be a company that would be good to invest in. “GE to sell its U.S. online deposits platform to a unit of Goldman Sachs, and transfer $16 billion in deposits. This move is in line with GE’s strategy to exit the consumer financials business and on industrials” (S&P Capital, 2015).
The S&P states, “GE will benefit from an...