Tuesday, July 15, 2008

GE's CFO Offers Long-Term Views: 24/7 Wall St. Exclusive (GE)

From 24/7 Wall Street:

Everyone has seen the report from General Electric Co. (NYSE: GE) regarding Friday's earnings. This report and the current situation remains a glass half-full and a glass half-empty depending upon your time frame and depending upon your outlook of the conglomerate with a safety in numbers or depending upon a sum of the parts for individual growth metrics. But 247WallSt.com got about 20 minutes in an exclusive telephone interview with CFO & Vice Chairman Keith Sherin to discuss some of the longer-term issues we are interested besides what was addressed in the company's conference call.

Specifically, I asked Mr. Sherin about several key growth aspects for the company that have a secular or long-term growth model in infrastructure, Ecomagination, GE Oil & Gas, Medical, Airlines and transports, Finance, media, and more. We also were able to discuss many of the divestiture plans....MORE