JF ..is going make some serious coin...gee this is surprise.
https://www.investors.com/news/why-general-electric-shares-are-rising/
Let's see if Seeking Alpha will change its tune as well. The money this a$$ clowns make is ridiculous. You have to wonder...why JF did not buy at $28, $24, $20 ? Well it has hit a level that he now wants to grab some stock. Yeah he granted sh_t but this is his own money.
Immelt bought several times and has lost a ton of money which seems just.
"GE bylaws are making him buy stock. It’s a requirement as CEO. Look it up. No need to try to figure out what insider trading he knows...he has to buy."
I didn't know that. The impression he's left on Wall Street is, "Only 60,000 GE shares? Things must be worse than we thought."
If he really believed what he says, he would be all in. He's not. He doesn't believe.
Boy, if he misses 4th qtr heads will roll again. GE likes to play games in 4th qtr like not paying suppliers until next FY. I would watch first Qtr 2018.
Speaking of the 401, does the whole company use Fidelity? I was hired in 06. Maxed my 401 contribution when we were at 7$. Stayed in until we hit 20 again then had my deduction going elsewhere, including my dividend payout.
GE bylaws are making him buy stock. It’s a requirement as CEO. Look it up. No need to try to figure out what insider trading he knows...he has to buy. GE is still going to go down big time when the year end results are announced in late March early April...just watch. You haven’t seen anything yet.
GE 401k is like starting winery. Start will $2 mill to make $1 million in 4 years ...ha!
Better yet, just give $$ to the CEO you don’t need it anyway!
Do you know how to make your 401k worth 1 million @ GE, Start with 2 Million.
I need to get my 401K out of GE stock or I will never be able to retire. Saw a post below that someone says they figured out how....that's my weekend project. Maybe the book club queen should put some money back into this company. She toured the world talking to interesting people and reading books. Wow. Just wow. How does that add value to the company? The next Oprah....but Oprah gives back.
Well when Immelt bought the sh_t he already had millions in the bank in other assets. John is not there yet. Clearly, Jeff was drinking blue Kool-aid and it should have smelled of Almonds ...but instead it was doctored with lots of Tequila.
Immelt also bought loads at $27 to support the stock earlier this year. Good luck.
Hope you sold at $32...bavo !
figured out how to take my 401k money all out of ge stock
https://www.sec.gov/Archives/edgar/data/40545/000123120517000135/xslF345X03/edgar.xml
Here is actual SEC filing ...it may be pocket change to him ...but even a 50% return pays for some toys on Nantucket where he lives ..
wtf..when have you doubled your money.. ? hows your GE 401K doing ??
He only bought $1.1million in stock......that is nothing in the grand scheme of things. Even if the stock doubles from the price he bought it at he will only double his money. With the amount of money these guys make spending $1 million on stock is not enough to prove that he is buying all in.