PVG Market in A Minute – April 14, 2015
- PVG Admin
- April 13, 2015
Last week, the very big news was GE announcing they are going to monetize their financial/real estate business, repatriate a significant amount of money back to the U.S., and implement a $50 billion share repurchase program. This will allow GE to focus on higher margin businesses that have higher valuations in the market. Fifty billion dollars is such a large amount of money even for this size company. We estimate a significant amount of their shareholders are not inclined to sell the stock. In our mind, that was a brilliant restructuring move, and very timely.
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Market in a Minute 2015-4-14