Not surprised GE sold off their appliance division, I hadn't heard about that, but not surprised. For Haier it allows them to grab the "GE" brand, for what it is worth and be able to sell appliances under the GE name but made (likely) more cheaply in China. The stock market is not driven any more by solidly dependable companies turning in their "pokey" 6 or 7% on profits, and things like appliances and trains and the like are not going to give you that kinda "Zip", companies especially want things that are at least part nebulous, like that company making that hot new App that has never made money going public and zooming up, the investors, which today is very much driven by hedge funds and others that cater to the very well off whose mantra is double digit growth. "Value" investors, long term, things like Pension funds and the like, don't generally operate like that, they like things like dividends and reliability over the long term, but they aren't what drives the urge for rapid stock price appreciation.
It looks like analysts weren't convinced, GE has been getting slammed all over the place.
