Companies are starting to see the impact of 3-D printing.
For all their ills over the past decade, General Electric got it right with 3-D printing. They made a huge investment in it. They are now saving 35% over casting.
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Its sad that GE has dropped so far down but I think its good that they are using 3D printing to cut costs. But will it rescue their business? I don't think so and I think they are a dying business.
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Their big blunder was buying Westinghouse and investing in nuclear right when it was turning South. The country soured on that industry quickly and GE was stuck. Plus they took a bath on GE Capital during the last financial crisis. They were a major lender to businesses for office equipment and such. They got hammered when businesses closed up shop. They ended up selling to to someone for a song.
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I think I said this before, but the GE Capital fiasco did me in on it. I cut my loss at that point, sold, and finally got a good nights sleep. For a while it was a nightmarish investment for me. A cascade of bad news after bad news, repeat and repeat. Don't miss holding GE one bit.
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Yeah it turned into a goat fuck for many people. The company went from one of the strongest to a zombie very quickly. I havent looked at it in a while but their 3-D printing acquisitions were strong.
Want to really have fun: look at the charts of GE ad Honeywell.
No contest.
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Yup, and the goat fuck was the result of the cluster fuck going on in the Executive Suite. When I got out of GE I considered Honeywell. To this day I won't compare GE with anything. Years later and I still can't get the taste out of my mouth.
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Well years later it doesnt appear to be much better of a company. Seems they are still on the same roll.
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35% is huge! 3D printing saves a lot of time and resources and no wonder GE wants to be in on it. Moreover they have to go for such options because they are in a very bad ship right now.
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They bought two of the leading 3-D printing companies a number of years ago. I thought they were one to watch. I would have invested in GE for the exposure to 3-D printing but their legacy businesses are just too screwed up.
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