[quote=FlyerInHi][quote=phaster][quote=FlyerInHi][quote=The-Shoveler]
3D printing and AI will overcome any manufacturing capacity advantage china has over USA in the next 20 years.
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I don’t know about the future. But 3D is shit plastic. [/quote]
FWIW 3D will also be “metals” and its happening now,… GE Will Laser Print Turboprop Engines (for new cessna certification 2020??)
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Very cool. Do you think GE shares are undervalued?[/quote]
GE has interesting technology in aerospace and other areas,… unfortunately it comes w/ baggage,… too much emphasis on financial engineering to boost stock prices (in the past) along w/ ignoring unsecured senior debt, a giant liability for long term care insurance, pensions, etc. (i.e. off balance sheet stuff)
so to answer your question about GE being “undervalued???” looking at the overall investor climate, personally have been watching it as a target but unwilling to pull the trigger because I’m keeping my powder dry in the current turbulence
my specific thinking WRT GE aviation, is in an economic downturn travel is put on the back burner, and looking back to the 2007/08 period noticed used aviation business assets flooded the market,… AND so can’t yet justify buying GE (for its aviation products because the “new” turboprop engine is still in the FAA testing phase as far as I can tell), but as I read the tea leaves its still pretty early in the growth game as to where “printed” manufacturing is going to go
[quote] GE Powered the American Century—Then It Burned Out
…General Electric Co. helped invent the world as we know it: wired up, plugged in and switched on. Born of Thomas Alva Edison’s ingenuity and John Pierpont Morgan’s audacity, GE built the dynamos that generated the electricity, the wires that carried it and the lightbulbs that burned it.
To keep the power and profits flowing day and night, GE connected neighborhoods with streetcars and cities with locomotives. It soon filled kitchens with ovens and toasters, living rooms with radios and TVs, bathrooms with curling irons and toothbrushes, and laundry rooms with washers and dryers.
The modern GE was built by Jack Welch, the youngest CEO and chairman in company history when he took over in 1981.
… “Fix it, close it or sell it’’ was a favorite slogan. Welch wanted to get out of any businesses where GE wasn’t a market leader.
…The catalyst for GE’s success during Welch’s reign was that it worked more like a collection of businesses under the protection of a giant bank. As the financial sector came to drive more of the U.S. economy, GE Capital, the company’s finance arm, powered more of the company’s growth.
…GE Capital sucked in debt and spat out money. Created in the first half of the last century to help people buy home appliances, it now financed fast-food franchises, power plants and suburban McMansions, and leased out railroad tank cars, office buildings and airliners.
