tjb
Member
One more fine American-owned company gone, just like the now Japanese-owned and now poorly named "American Standard".
GE sale to Haier complete
- Thread starter mattl
- Start date
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One thing I find these days is that high end often means a run of the mill, standard washing machine, built on a standard design with the same components as mass market and cheap stuff, but they whack a display on it that equivalent of a smart phone, add 100% to the price tag, style it up a bit and call it premium.
In this market the only machines that stand out as different these days are Miele or maybe an Electrolux semi pro machine.
Also don’t get me started about smart fridges. If I wanted a side by side and an second rate tablet, I’m perfectly capable of my retired iPad to the front of one and at least I wouldn’t have to put up with Android for Fridges.
In this market the only machines that stand out as different these days are Miele or maybe an Electrolux semi pro machine.
Also don’t get me started about smart fridges. If I wanted a side by side and an second rate tablet, I’m perfectly capable of my retired iPad to the front of one and at least I wouldn’t have to put up with Android for Fridges.
kenmoreguy89
Well-known member
LGB
vacerator
Well-known member
"American Standard"
was owned by Bain Capital when it was sold offshore! Guess whose venture capital firm that is, and who was in charge? Mitt Romney. We sell are selves out!
was owned by Bain Capital when it was sold offshore! Guess whose venture capital firm that is, and who was in charge? Mitt Romney. We sell are selves out!
vacerator
Well-known member
Also, if I were
Chinese, I'd be a "TOKEN" capitalist too! Getting a start from the Govt., becomming filthy rich, buying digital collectables for 6 figures, etc. from westerners, and gladly returning up to 40% of the gross back the commies.
Chinese, I'd be a "TOKEN" capitalist too! Getting a start from the Govt., becomming filthy rich, buying digital collectables for 6 figures, etc. from westerners, and gladly returning up to 40% of the gross back the commies.
to kenwashesmonday...
I stand corrected. I blame Jack Welch who started this stupid crap!
I stand corrected. I blame Jack Welch who started this stupid crap!
GE has long been into more industries than just appliances (and also financial services, although I believe all of that was sold to other entities some years ago).
GE (General Electric Company) stock in January 2023 did a 1-for-3 spin-off of GEHC (GE Healthcare Technologies Inc.).
GE then in April 2024 did a 1-for-4 spin-off of GEV (GE Vernova Inc.). GE at that point became GE Aerospace.
GE Aerospace is aircraft/jet engines and such.
GE Healthcare is diagnostic/imaging equipment and other healthcare/laboratory equipment, products, and services.
GE Vernova is electrical/energy equipment and services.
I received 3.125 shares of GE and 1 share of GEHC via inheritance from dad. I had 0.783 shares of GEV for a moment but the brokerage firm immediately sold it to cash, presumably for less-than-one-share being too little to maintain.
