SF investors, is it a buy or does it have further to fall? Who’s tracking? Does it need another a Jack Welch?

It’s had a long run before falling from grace and has now suffered the indignity of getting knocked off the Dow.

I think their best days are behind them. They are going smaller and are focused on reducing debt. I rode GE for a decade while Jack Welch was running it. I sold it all about 4 years ago. I wouldn't get back in at this point.

quote:

Originally posted by Jeff Yarchin:
I think their best days are behind them. They are going smaller and are focused on reducing debt. I rode GE for a decade while Jack Welch was running it. I sold it all about 4 years ago. I wouldn't get back in at this point.

totally agree with this

i have read numerous articles suggesting they will split up at some point in the near future

i would look elsewhere at this point if you are thinking long-term

now could they bump short term based their losing Dow 30 status? yes. But longterm I wouldn't buy

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I bought GE stock once. The next day, Warren Buffett bought $5 billion worth of perpetual preferred GE stock paying a 10% dividend. I wish I got the Buffett deal, but I was about $5 billion short. My stock dropped another 50%. Last year, Buffett finished selling off the preferred stock.

If Buffett has better places to put money than 10% preferred stock, I'm thinking you do as well.

GE is selling off business components. Wait for the profitable one(s) to go it alone and then invest in it. GE Turbine engine component is the one I want.

I just bought 1,000 sharesat $12.89, have been watching it fall and got real interested when it hit $15.

I think the medical and engine groups are solid. I think in 3-5 years it will be a nice return

If Jeff Immelt send more time focused on GE instead of pressed against 0lunders ass the company may have continued. I’m surprised the board hasn’t sued that son of a bitch for flying on two corporate jets simultaneously..

Read an analysis that says load up if it gets to 10. I may tiptoe in at this 12.80-ish level.

I really think the separate business are worth a lot more broken up. Ideally in a break up you get a piece of each company spinoffs stock.

What are the legacy pension obligations like ?

in today's news

https://www.msn.com/en-us/mone...hes-stake/ar-AAzbaeZ

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quote:

Originally posted by PD:
Does it need another a Jack Welch?

If Jack knew what he was doing, he would have groomed the company to be prosperous without him. This is what true leaders do, and he did not do it.

Sell all of your GE stock and put into Kmart/Sears stock. You'll be fine.

Jim

quote:

Originally posted by Jimbo54:
Sell all of your GE stock and put into Kmart/Sears stock. You'll be fine.

While you were laughing GE spun off the healthcare unit and went up 7% today

quote:

Originally posted by radioman:

quote:

Originally posted by PD:
Does it need another a Jack Welch?

If Jack knew what he was doing, he would have groomed the company to be prosperous without him. This is what true leaders do, and he did not do it.

True but he ran it well while he was at the helm.

quote:

think the medical and engine groups are solid

Apparently you’ll be able to isolate your investment in the med side.

They have lost a lot of ground to competitors over last few decades. Compounded by having the pace of old IBM vs all the upstarts. IMHO of course.

more:

https://www.msn.com/en-us/mone...rmer-self/ar-AAzfzne

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