Wednesday, March 16, 2011

Is GE Tokyo's new Godzilla?

Fear-mongering is spreading like the bubonic plague through the financial markets — quicker than the tsunami that hit Japan last Friday. Breathe slowly: General Electric ($18.95) hasn’t been bitten by any radioactive fleas!

Most of the financial exposure at Fukushima rests with GE’s joint-venture partner, Hitachi (HIT). The Japanese electronics giant owns 80 percent of the joint venture in Japan, while GE has a majority stake only in the U.S. nuclear market (60%) and certain other overseas markets, according to regulatory filings.

Read More at CBS Interactive....

Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.

1 comment:

Eapen Chacko said...

Amid the hyperventilating market, this was an informative post about nuclear issues in Japan and GE.
Nice work