The company can potentially sell its iconic home appliances business for $1.5 billion to $2.5 billion according to a report from Bloomberg. GE was reportedly waiting to finish the acquisition of Alstorm's energy assets before looking to sell the appliances business, and is now talking to bidders.
The GE Home & Business division that includes appliances and lighting generated more than $8 billion in sales last year, or 5.6% of the company's total revenue.
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TheStreet Ratings team rates GENERAL ELECTRIC CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL ELECTRIC CO (GE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: