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  "documentTitle": "General Electric (GE)",
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      "text": "Services business model: Stable, recurring revenue; Promotes brand loyalty through ongoing customer interactions; Captive customer; Local economies of scale; Long-term contracts; High switching costs; Leader in Industrial Internet",
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      "text": "Source: Company SEC filings and presentations. (1) EBIT refers to earnings before interest, taxes, and non-recurring items. (2) Services refers to operating profit from product services.",
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      "text": "We Believe GE's Services Business Model is Underappreciated",
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