Although GE Closes 2016 With Anemic Sales, Strong Order Book Bodes Well for Long Run
Shares of wide-moat General Electric look fully valued relative to our $30 per share fair value estimate, as the company closed the books on 2016 with rather anemic fourth- quarter results. Excluding Alstom, industrial segment revenue declined by 1% year over year, reflecting ongoing weakness in the oil and gas and transportation segments, which each reported double-digit declines in organic revenue growth. However, when including Alstom’s revenue starting in November 2015, GE's industrial organ...General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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