This is probably the most upbeat words that I have heard from Jeff Immelt. He seems to have high hopes even in an economy such as this. If the euro ever settles down and the world economy starts to hit, GE will be in position to fire on all cylinders. Boy would that be a wonderful event. If that were to happen many companies would see expansion, and that is a good thing. We can talk about numbers all day and look at what happened in the past and use that as a guage. However, the future is not guaranteed based on what a company did in past. The GE of today is far from the GE of the past.
I feel that GE is building a huge machine that will be able to be ramped up to full capacity with minimal effort. If and when that day comes, GE will be able to benefit from all the investments that have been made building new facilities and developing new techniques.
GE is on the cutting edge of material use and design. There is absolutely no question about that. They are becoming a premier 3-D printing facility for their own parts. Just imagine if they decide to start building parts for others. The parts they are making are not plastic bottles and toys that are better produced by old methods. They manufacture extremely technical parts for highly sophisticated machines, and the bottom line is that they can be downright expensive. If the technology can be developed to the point that the machines are very durable and cost effective with high output, the sky is the limit. I can only imagine if they start to utilize their technology to start building parts for other industrial players who do not have such deep pockets to do it themselves. The applications potential is enormous.
Time will tell if these things play out. However, I feel that they will. The world is a big place, and many people are starting to realize the comforts that 1st world countries experience. It will take a massive infrastructure improvement to build these countries. GE will be part of the building process and maintenence of that infrastructure for many years to come.
With all that in mind, I can say that I am actually glad to be a shareholder. It will be some kind of ride in the near future, but nothing ventured, nothing gained. We will see how it goes.
Robert the DividendDreamer