GE's (GE) Immelt Discusses 2012: Will Keep Acquisitions in $1-$3B Range, Sees Continued Dividend, Buybacks

Shares of GE (NYSE: GE) are falling with the broader stock market into the close Tuesday as CEO Jeff Immelt is currently speaking at the company's Annual Outlook Investor Meeting.

In addition to a brief 2012 update in presentation slides offered ahead of the meeting, Immelt is giving the following comments:

• sees double-digit growth in Industrial and Capital next year;
  
• has $100 billion in cash to allocate over the next four years;
  
• expects to keep to acquisitions in the $1-$3 billion range "generally";
  
• sees biogas business as $20 billion unit by 2020;
  
• "committed to GE Capital";
  
• sees gaining market shares in the Narrowbody Planes and MRI Equipment segments;
  
• sees 50 percent market share in wind turbines in 2012;
  
• sees continued dividend and buybacks.

GE shares last traded at $16.39, down 0.5 percent from Monday's close.

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