GE Mulls the End of an Era With Possible Sale of Consumer Lighting; No Change to Our FVE
We do not intend to alter our fair value estimate of $32 per share for wide-moat General Electric after reports by the Wall Street Journal that the company intends to sell its consumer-focused lighting business for an estimated $500 million. The segment had been rumored up for sale since GE restructured its lighting business in late 2015 to focus more heavily on commercial and industrial LED applications. In particular, an internal startup branded Current, which was officially launched in Octobe...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.
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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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