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I think they're probably fine without your dollars or mindshare. I suspect part of the reason they're getting out of a lot of this commodity (or borderline com
by nucleardog 6y ago
I think they're probably fine without your dollars or mindshare.
I suspect part of the reason they're getting out of a lot of this commodity (or borderline commodity) businesses is because they make much more money on building power plants and wind turbines, jet engines, medical equipment (MRI/CT/PET/etc machines and more), etc.
Some quick digging, and it looks like their lighting and industrial controls division made all of $300m in profit. Their aviation products alone profited over $28b.
If I were them, I wouldn't care either.