Moody’s cuts GE credit rating on ‘extreme deterioration’ in energy

https://www.cnbc.com/amp/2017/11/16/moodys-cuts-ge-credit-rating-on-extreme-deterioration-in-energy.html

More bad news for General electric

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More to come from GE?

Seems as if the news keeps coming at GE. CNNMoney is reporting that GE is going to be selling more struggling businesses. I do have to agree with the CEO. GE is too complex and it’s hard to value as an investor. Is it in the aircraft, train, medical technology, financing, nuclear power, or other industry? What is GE competitive advantage or core competencies? I don’t see a moat with GE, as Warren Buffett put it. 

So I’m still taking a wait and see approach, at least until after the board cuts the dividend. Just my two cents.

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