From: Paul Barrett Sent: Thursday, January 11, 2018 5:05 PM To: Jeffrey E. Cc: Richard Kahn Subject: GE Jeffrey I have added to GE. I was early buying it at 22 but = think the risk reward down here looks very good. • Tax loss selling =s behind us. • Year end window dressing by active managers also resulted in he=vy selling. They are coming back into the market. • The aviation business is b=oming • Healthcare continues to grow in Asia • We basically get the rest of the bu=iness for (almost) free. Considering what oil and the servicers have done =ecently this is big optionality. Stock was at $30 a year ago. Hit a low of $17.36 and=is currently at $19.35. We own $2.8MM now. I intend to get this up t= $3-4MM. Below is an extract from a research report that sums=up the business pretty well. Paul Barrett 1 EFTA_R1_01687657 EFTA02539354 2 EFTA_R1_01687658 EFTA02539355