General Electric Company (NYSE: GE) ended the day down 11 cents, or 0.31% at $35.42. It's odd, again GE seems to be stuck in a rut, much like our Sheldon Liber talks about here.GE is also facing some lingering questions about NBC, which although it stands behind, is still coming out behind the other networks. In this analysis of TV network ratings, NBC leads with Nightly News, but the stellar Fall lineup that was predicted has not put NBC ahead. Heros and Studio 60 aren't quite bringing in the eyeballs everyone was hoping for. NBC is also not in the lead in the cable area either.
Which leads many to question, why is GE so determined to hang onto NBC?
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Reader Comments (Page 1 of 1)
10-25-2006 @ 12:23PM
Mike Caney said...
With everything that GE has going for it the single strategic point that I would highlight is that they are always investing in long term business'. Aircraft engines, high end medical equipment, financing of capital products. I think that maintaining a high profile business like a TV network is a definite asset. If the vehicle is limping along then fix it. I think they are doing the right things. Sometimes they have to try something, if it does not work, discard it and try the next thing. Judging a business only by its quarterly results is a procedure that ruins most investment portfolios and I believe it is equally deadly to business planning.
Most of their business involves large investment up front, little returns in the beginning and lots of patience. Measuring progress is a strength of GE and I believe they are doing the right thing for the longer term.
Many business' operate with a 5 year plan. I would be more interested in seeing what the team is doing in that regard. Don't throw the baby out with the bath water.
10-26-2006 @ 12:08PM
expeacock said...
My prediction is that GE puts lipstick on the peacock and sells it the day after the closing ceremonies at the Olympic Games.