|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.
|2025report.com -4 years to first s-gen?Jan 2021 - reminded of what steve jobs said 11 years ago & Economist's norman macrae wrote 25 years ago in london's sunday times - compare that with covid decade (my body's research shows antibodies last about 7 months but would love to be wrong), and then in summer 2019 we learnt not one cent of 3000 trllion dollar western pension money had been put into sdgs let alone vaccines -something not right with 21stcmedia??|
economists welcome A for aid & AI B for black and bank D for Diary F for food G FOR GREEN ,H for health .
.sdgsu.com fazleabed.com xglasgow.com 1billiongirls.com collaborationcafe.city
260 YEARS ON -WHAT HAVE YE ALL LEARNING ABOUT LIVES MATTER COMMUNITY BUILDING WITH MACHINES?
we're working on 1 billion girls top 50 grassroots unicorn networks - instead of being exited -this have linked villagers
since 1972 - question 1 in china and bangladesh- how to raise life expectancy of villages without electricity to 60s instead of 40s - so unicorns on village g3 health and g2 food security came first- then village banking g1 and village education-norman called this rural keynes in his 1977 survey of 2 billion asians - we'll have the 50 unicorns version 1 ready as youth handout
cop26 glasgow university union 6 nov 2021- if you have an under 30s chapter who'd like to zoom in or present their sdg solution networks pls connect
|SDG education revolution||coming - books.. diary 2020|
human & tech future of education- 1984's book 2025 report- 1986's survey in Economist
|firstname.lastname@example.org, 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"||.||.||.||.||.||.||.||.||.||.|