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Posted by BLE Bob on November 2, 2009, 3:13 pm, in reply to "Re: Fact about GE"
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Beaver,
Not sure if your saying GE is in trouble or ok? But if you look at GE over the past year they are pulling up for a low of $6.66 on Mar 5 2009 to the $14.66 at the end of the day Friday Oct 30. GE seems to be following the trends in the market currently but one has to think with as diverse at GE they have already and will continue the recession nicely. If you ignore the ties of GE and the US government your foolish, GE is sitting pretty in these times and will continue to grow. Look for the GE Transportation Division to turn around in about a year. Once volume increases on the rails orders will come in, I still believe that the majority of SD50 and back style locomotives will be retired over the next 2-3 years as many Class 1s are stating.
Bob
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