4. General Electric deflates |
![]()
Data:FactSet; Chart: Lazaro Gamio/Axios
General Electric would love to have a share price down 35% from its highs. The stock closed Friday at just $8.02 per share, which is down 75% from the July high of $33, down 80% from the pre-crisis high of $42, and down 85% from the all-time high of $60, set in August 2000. And those numbers if anything understate the degree to which GE has been diminished since its heyday.
No one's shedding any tears for speculators like Nelson Peltz, who has lost some $700 million on his GE bet. But GE bondholders are a different matter. GE has a total debt of $115 billion, including $100 billion of long-term bonds. That's more than its market capitalization.
To see just how bad things are looking for GE, consider its perpetual preferred securities. If GE doesn't buy back that paper at par in January 2021, it's going to have to pay a punitive 333 basis points over Libor in interest. And it's looking very much as though GE won't have the wherewithal to buy back the stock.
The bottom line: GE Capital needs at least $20 billion in new funds, and perhaps significantly more, according to a research note put out by Goldman Sachs this week. Goldman also raised questions about GE's insurance and power operations.
Why it matters: GE is far from insolvent, but it's definitely in trouble. If its $100 billion of debt got downgraded to junk status, the effect on the credit markets could be seismic.
|
valuetrue.com thanks 1billiongirls.com questioning washington dc, glasgow and any livesmatter future capital- do you know anything about sustaining our lives - legend as well as nature and machines we seek to mediate 8 human populations -each nearly a billion strong 1billiongirls.com demands freedom of voice/data for younger poorest women not just older richest men as artificial intel platforms increasingly govern what happens real time www fall 2020. american parents last chance to tell public servants to stop lying- let me explain with the case of pre-computing maths- q1 why were americans worst at teaching this? 2 how was computing designed by best maths guys? 3 what purposes could computers humanise- long version read biography of von neumann by macrae, short version here. | 38th annual survey of 2025report.com first published 1984 with the economist as dialogue on how to prevent big brother generation: survey of saying 7 nos to trumpists- can you improve on actioning these 7 wonders 1 prosecute those who brought life threatening weapons to the capitol building on #trumpwwednesday 2 #trumpwednesday -SMARTER MEDIA SUGGESTION: dont waste FBIntel time on many others - suggestion prosecute 20 ordinary people and 20 of the top dc people who invited them to walk trumps talk. #3 recommendation borrow from new york strong: from jan 21 demand one human more loving consequence from every day the capital convenes- on any day this is not achieved reduce size of each party's representation by 1%. 4 issue an update newsletter on ending covid every week- make it truer and faster every week- if 300 million people cant get better at ending covid each week what future usa? | MIDDLE AMERICA: Antigua & Barbuda, Bahamas, Barbados, Belize, Costa Rica, Cuba, Dominica, Dominican Republic, El Salvador, Grenada, Guatemala, Haiti, Honduras, Jamaica, Nicaragua, Panama, Saint Kitts & Nevis, Saint Lucia, Saint Vincent & the Grenadines, Trinidad & Tobago SOUTH AMERICA: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, Venezuela.... associate webs economistlearning.com economistbank.com economisthealth.com | Is SOROS last billionaire standing for american youth's dream to unite sdg generation locally & globally .zoomuni.net -breaking 2020 -zooming beyond reality- some nations 30 years behind our 1984 timelines for ai teaching/ studying - download and ask for our maps of whos leading chris.macrae@yahoo.co.uk may 2020 (bicycling distance from national institute of health bethesda md usa) writes:since 1960 most of the world's population mapping sdg development - eg asians as over 60% of humans have traded round a japanese translation of global system- compounding solutions americans like deming and borlaug open sourced -more than any other single system dynamic friends at journalistsforhumanity have been able to map- brookings update 2020- 5/15 how taipei, seoul, hk, saved their peoples, and hanoi back to middle of 20th c-perhaps it shouldn't be that much of a surprise that it took one of the 2 island nations that most colonised borders up to world war 2 to culturally rollback a higher purpose for uniting peoples |
![]() | SDG education revolution | ![]() | ![]() | ![]() | ![]() | coming - books.. diary 2020 | |
![]() | |||||||
![]() | . |
Site Updates----- |
|
| Saving the Internet—and all the commons it makes The ninth and worst enclosure is the one inside our heads. Because, if we think the Internet is something we use by grace of Apple, Amazon, Facebook, Google and “providers” such as phone and cable companies, we’re only helping all those companies contain the Internet’s usefulness inside their walled gardens. Not understanding the Internet can result in problems similar to ones we suffer by not understanding common pool resources such as the atmosphere, the oceans, and the Earth itself. | chris.macrae@yahoo.co.uk, normanmacrae.net quarters 5 and 6 of EconomistDiary 2018-1843 - journalists valuing mediation of goal 1 end poverty , A global databank for brandchartering the interconnecting aims of CLO, CBO and CEO in organising learning, branding and strategy - "I'd like to ask : Isn't it time that branders, strategists, and learning systems people believed and acted on their marketing promise as much as they want end-consumers to trust it? I am editing a millennial issue of a journal where we are urgently inviting world leading influencers of strategy, brand or learning to write 6 pages on future organisational frameworks in such simple language that every reader connects to the big idea whatever their home area of expertise" | . | . | . | . | . | . | . | . | . | . |

No comments:
Post a Comment