GE is starting to look a lot like Boeing did two years ago. It faces real challenges, but too many investors are overlooking its strengths.
Shares of General Electric (NYSE:GE) have lost half of their value over the past 12 months. Nevertheless, analysts at several prominent investment banks think the stock could continue sliding, as highlighted by last week’s Barron’s cover story.
The bearish analysts point to falling sales for one of GE’s most profitable product lines, high pension liabilities, “black-box” accounting practices, and a new SEC probe (among other things) as reasons for caution. However, many of the same things were said about Boeing (NYSE:BA) just two years ago. Yet Boeing stock has tripled since then.
GE stock doesn’t have 200% upside today, but it appears to be significantly undervalued for many of the same reasons Boeing stock was…
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Trains carry crude oil and toxic chemicals through Utica, a fact that has become part of the debate over the proposed downtown hospital.
The train tracks pass within a half mile of the site proposed by the Mohawk Valley Health System. The group #NoHospitalDowntown has been sounding the alarm over whether it makes sense to build a hospital in an area likely to be evacuated in case of a train wreck that results in a fireball.
Many train safety advocates refer to the area within half a mile of tracks as the red zone.
Brett Truett, a co-founder of the group that opposes the downtown hospital site, warned about the proximity between the site and the tracks in an April 10, 2016, Facebook post.
“It was further explained that in the event of a train derailment, especially one carrying toxic materials, a certain radius around the crash site…
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