Monthly Archives: July 2018
GE Part 3: Contemplating GE Capital
Besides the recent weakness at Power and Oil & Gas, GE has been grappling with legacy issues at GE Capital. Although it has been downsizing for more than a decade now – reducing its assets from $660 billion at the … Continue reading
GE Part 2: Assessing GE’s Value
On June 26, General Electric (GE) announced the outcome of its strategic review. Besides divestiture actions already announced, the company said that it will spin-off its Healthcare business over the next 12-18 months and distribute its 62.5% stake in Baker … Continue reading
GE Part 1: 18Q2 Results
General Electric reported disappointing 2018 second quarter GAAP earnings attributable to shareholders of $736 million or $0.07 per share, down 30% from $1.03 billion or $0.10 per share last year. Adjusted (Non-GAAP) EPS, according to the company’s definition, was $0.19 … Continue reading
StoneMor’s Unit Price Plummets as it Files its Delayed 10-K
Since peaking at $32.01 in July 2015, the MLP units of StoneMor Partners LP (STON) have lost nearly 90% of their value. The steepest part of the decline began in October 2016, just before STON cut its quarterly distribution in … Continue reading
Bed Bath But Not Beyond Hope
BBBY has lost 70% of its value over the past three years. Profits are down sharply mostly because of price competition. Store comparable net sales have been falling mid-single digits, offset by growth in online/mobile sales and other areas. Management … Continue reading
Arch Coal (ARCH) 18Q1 Update
2018 First Quarter Results. On April 26, Arch Coal reported disappointing 2018 first quarter results. Adjusted EPS for the quarter was $2.95, up from $2.82 last year, but behind the consensus forecast of $4.22. Revenues declined 4.3% to $575.3 million, … Continue reading
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