Closed below 13 today. Who takes the bet against it hitting 10 real soon?
9 replies (most recent on top)
I would like to know why GE is paying it's leadership anything for the piss poor results they are showing? Is Johnny boy worth what they are paying him. Russell Stokes ?? Jamie ? She is a joke ...analysts have tried to pin her down on key issues like FCF calculations, SEC investigations, the whole Boston staff stinks of corruption. Why is KPMG still the company auditor ? Why is GE still paying a outrageous dividend when clearly they are not making enough money.? Why is the healthcare unit going to book $18 billion in pension obligations when they are sold?
The simple fact of the matter is there is a cash liquidity crunch. So far, GE has stayed afloat by selling business units and cutting the dividend. In the end, if the demand for Power does not return there will be limited options for John in about a year from now.
Trying to predict an unpredictable stock market. You must be a billionaire ha ha ha.
Wall Street is catching up on GE polishing earnings in best possible way. Masters of spin. Listen to CFO and CEO answer to GAAP numbers on earnings call.
GE nbers are much worse on GAAP basis. That's why the stock fell. People dissected the numbers to see how much was real earnings and how much was financial engineering.
Truth shall set you free.
The bottoms in. I say back to 14 by end of week. Better then expected quarter considering all things. The wording of the CEO is what caused the dollar drop. Skepticism.
Except GE will not be GE when Johnny Boy gets selling everything in sight. The key question you have to ask yourself is when cash flows will become positive including the pension and other long term obligations like GE Capital continues to find.
I am all in at $11. Made a ton when it briefly hit $6 back in the Great Recession. Never bet against GE, always bet with it.
9
Single digits soon.