Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 04-11-2008, 03:47 PM   #21
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Houston
Posts: 1,435
Quote:
Originally Posted by Art G View Post
Add that to a dividend that has fallen over the years and you've got a pretty mediocre stock.
Are you on drugs?

21-Feb-08 $ 0.31 Dividend
20-Dec-07 $ 0.31 Dividend
20-Sep-07 $ 0.28 Dividend
21-Jun-07 $ 0.28 Dividend
22-Feb-07 $ 0.28 Dividend
21-Dec-06 $ 0.28 Dividend
21-Sep-06 $ 0.25 Dividend
22-Jun-06 $ 0.25 Dividend
23-Feb-06 $ 0.25 Dividend
22-Dec-05 $ 0.25 Dividend
22-Sep-05 $ 0.22 Dividend
23-Jun-05 $ 0.22 Dividend
24-Feb-05 $ 0.22 Dividend
22-Dec-04 $ 0.22 Dividend
23-Sep-04 $ 0.20 Dividend
24-Jun-04 $ 0.20 Dividend
26-Feb-04 $ 0.20 Dividend
29-Dec-03 $ 0.20 Dividend
25-Sep-03 $ 0.19 Dividend
26-Jun-03 $ 0.19 Dividend
26-Feb-03 $ 0.19 Dividend
27-Dec-02 $ 0.19 Dividend
25-Sep-02 $ 0.18 Dividend
26-Jun-02 $ 0.18 Dividend
27-Feb-02 $ 0.18 Dividend
27-Dec-01 $ 0.18 Dividend
26-Sep-01 $ 0.16 Dividend
5-Jul-01 $ 0.16 Dividend
5-Mar-01 $ 0.16 Dividend
27-Dec-00 $ 0.16 Dividend
29-Sep-00 $ 0.137 Dividend
5-Jul-00 $ 0.137 Dividend
8-May-00 3 : 1 Stock Split
6-Mar-00 $ 0.13667 Dividend
22-Dec-99 $ 0.13667 Dividend
28-Sep-99 $ 0.11667 Dividend
6-Jul-99 $ 0.11667 Dividend
4-Mar-99 $ 0.11667 Dividend
29-Dec-98 $ 0.11667 Dividend
28-Sep-98 $ 0.10 Dividend
6-Jul-98 $ 0.10 Dividend
5-Mar-98 $ 0.10 Dividend
__________________

__________________
soupcxan is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-11-2008, 03:49 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by soupcxan View Post
Are you on drugs?
That would explain a lot.
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 04-11-2008, 04:35 PM   #23
Thinks s/he gets paid by the post
FIRE'd@51's Avatar
 
Join Date: Aug 2006
Posts: 2,322
Quote:
Originally Posted by unclemick View Post
Dang - I gotta stop reading this thread - my hormones are starting to flare up!
Well, hormones took over! Sold some Jan 30 puts for 2.45. If I get assigned, I don't mind owning GE at 27.55 (4.5% yield). If the stock stays above 30, I'll have collected nearly two years worth of dividends in nine months with no cash outlay.

Then off to the golf club to hit some balls.

Oh, and BTW, Yankees-Red Sox tonight! What a day for the hormones!
__________________
FIRE'd@51 is offline   Reply With Quote
Old 04-11-2008, 07:39 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,440
Bought some GE a few months back to add some 'stability' to the stock portion of my portfolio. Heh heh, just show there is no such thing as a stable stock. But I am planning to hold for the long term. May buy a little more after the dust settles.

Now, time to forget stocks and get ready for a weekend of cold beer and the Masters golf tourney.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 04-11-2008, 11:53 PM   #25
Recycles dryer sheets
 
Join Date: Apr 2006
Posts: 143
Here is Morningstar's take on GE (they think it's a bargain):
Morningstar Video
__________________
rogersteciak is offline   Reply With Quote
Old 04-12-2008, 01:28 AM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,451
More M* stuff on GE

Quote:

I can understand why GE's short-term holders are dumping with such speed: This is a company that, whatever its other shortcomings, almost never disappoints the Street. But I never forget that as a shareholder, I'm paying for dividends, not earnings (much less earnings estimates). So I offer a few points for those interested in GE to consider:
* Uninterrupted dividend payments since 1899. Two world wars, the Great Depression, the Great Inflation, 18 different presidents--and GE shareholders always got paid.
* Dividend growth averaging 8.9% annually since 1951. For comparison, Consumer Price Index inflation ran at an average of 3.8% per year; nominal U.S. gross domestic product at 6.8%.
* Dividend increases every year since 1976. From 1975 through 2007, the dividend rate rose at 11.7% on average.
* GE stock, which closed today at a yield of 3.87%, hasn't been this cheap relative to its current dividend since 1985 (that is, back when 10-year Treasury bonds offered yields of 10% or more).
Back in Jan when GE was selling for around $34-5, I sold Jun 32.50 puts for $1.50. When it hit $38 a few days ago I figured I'd never get a chance to own it.

Clearly this isn't a home run stock (baring another crazy ass bubble) but %3.87 yield and more than a century of raising dividends at rate considerable above inflation, this is pretty much the classic buy and hold at this price.
__________________
clifp is offline   Reply With Quote
Old 04-13-2008, 08:14 AM   #27
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
Quote:
Originally Posted by jIMOh View Post
People

GE had a profit and still dropped 10%+ today. Wow people's expectations must be out of whack if a company has similar results to what it had in the past and that is a BAD thing. They made a freak!n profit!
that's not the point

stocks are priced on growth prospects

mid march Jeff Imelt said that GE's earnings estimates for this quarter were "in the bag" so the stock was priced for that level of earnings. then GE comes out and misses earnings by 14% under what was estimated. so the stock fell to reflect the new value of earnings.

Google is also earning a profit and the stock is falling because the rate of growth is slowing. at $700 some dollars the stock is priced for an unsustainable level of growth. now it's more in line with reality.

you can blame RegFD for the volatility. 10 years ago Jeff Imelt would have quietly told wall street about the problems and the stock would have fell over time. now with RegFD you get this insane volatility with a company like GE because the financial industry mispriced the stock because most of the analysts can't do anything other than repeat company guidance.

CNBC tried to play it like it's all bear stearn's fault since the industrial part of the company is growing very nicely. but later on bloomberg they had a chart and most of the business segments are showing double digit earnings growth drops. apparently the credit crisis is hitting medical device sales as well
__________________
al_bundy is offline   Reply With Quote
Old 04-13-2008, 09:06 AM   #28
Thinks s/he gets paid by the post
ladelfina's Avatar
 
Join Date: Oct 2005
Posts: 2,713
Bloomberg.com: Worldwide

It was Immelt who basically blamed the BSC/Fed/credit scenario. CNBC didn't invent that.. but isn't CNBC owned by GE? Wonder if they disclose this when they report on it.
__________________
ladelfina is offline   Reply With Quote
Old 04-13-2008, 09:22 AM   #29
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
on friday they had all kinds of warnings how they couldn't talk about the earnings because CNBC owned them but they still snuck a few things in like how the company is doing great because industrial sales are good and how this whole fiasco was because of bear stearns. someone did the math and found the GE earnings shortfall only contributed around $.05 to the shortfall and that the rest is because other business units aren't doing as well.

i don't think Imelt is doing a bad job, but it's more bad timing. Jack Welch built the current GE and most of the businesses are mature.
__________________
al_bundy is offline   Reply With Quote
Old 04-13-2008, 02:22 PM   #30
Thinks s/he gets paid by the post
 
Join Date: Aug 2006
Posts: 1,361
Frankly, I prefer the current system. Having wall street brokers able to avoid most of the losses while the small investor still gets the shaft (albeit gradually) is not a good system.

The volatility is good for an investor able to keep their head.

Quote:
Originally Posted by al_bundy View Post
you can blame RegFD for the volatility. 10 years ago Jeff Imelt would have quietly told wall street about the problems and the stock would have fell over time. now with RegFD you get this insane volatility with a company like GE because the financial industry mispriced the stock because most of the analysts can't do anything other than repeat company guidance.
__________________
Hamlet is offline   Reply With Quote
Old 04-13-2008, 02:51 PM   #31
Dryer sheet aficionado
 
Join Date: Dec 2007
Posts: 30
Quote:
Frankly, I prefer the current system. Having wall street brokers able to avoid most of the losses while the small investor still gets the shaft (albeit gradually) is not a good system.
Amen Bro
__________________
Trapshooter is offline   Reply With Quote
Old 04-13-2008, 03:58 PM   #32
Thinks s/he gets paid by the post
ladelfina's Avatar
 
Join Date: Oct 2005
Posts: 2,713
Quote:
the financial industry mispriced the stock because most of the analysts can't do anything other than repeat company guidance.
How do you know "the financial industry mispriced the stock"? GE IS part of 'the financial industry'... maybe "the financial industry" is being too clement. That wouldn't be unusual, to say the least.
__________________
ladelfina is offline   Reply With Quote
Old 04-13-2008, 07:36 PM   #33
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
Quote:
Originally Posted by ladelfina View Post
How do you know "the financial industry mispriced the stock"? GE IS part of 'the financial industry'... maybe "the financial industry" is being too clement. That wouldn't be unusual, to say the least.

because if analysts were doing their jobs than they would have been calling customers and everyone else to get a handle on business and the estimates would have been more in line with earnings.
__________________
al_bundy is offline   Reply With Quote
Old 04-13-2008, 10:11 PM   #34
Thinks s/he gets paid by the post
ladelfina's Avatar
 
Join Date: Oct 2005
Posts: 2,713
al.. should we then not trust "the analysts" ever.. or just in GE's case? Or just now? Or just these analysts?

Sorry, don't mean to bust on you in partickular al... but you know what I mean. Especially after the whole 'ratings agency' thing.. I'm just sour on anyone's purported objectivity. Bleh.
__________________
ladelfina is offline   Reply With Quote
Old 04-14-2008, 08:19 AM   #35
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
i have access to the reports and read them once in a while but never belive them

you can usually tell if the reports are bogus by how the stock is trending. all the talking heads are saying how good apple and google are and how the stock is really worth more than the current price. but no one can explain why these stocks have lost almost 50% of their value at the trough in the last 52 weeks which is a lot more than a normal correction

and this goes the other way. in an uptrend all the analysts are trying to scare everyone. usually happens in the spring. last few years every year there was an Ipod glut or a denim glut, or an inflation scare in early 2004 or something to cause a 25% correction and then it goes away
__________________
al_bundy is offline   Reply With Quote
Old 04-14-2008, 09:27 AM   #36
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by al_bundy View Post
because if analysts were doing their jobs than they would have been calling customers and everyone else to get a handle on business and the estimates would have been more in line with earnings.
So they should have been calling everyone in the known universe to find out how GE's business was going?

The really huge conglomerates are almost impossible to really figure out. All you can do is make a macro bet.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 04-14-2008, 10:57 AM   #37
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
Quote:
Originally Posted by soupcxan View Post
Are you on drugs?

21-Feb-08 $ 0.31 Dividend
20-Dec-07 $ 0.31 Dividend
20-Sep-07 $ 0.28 Dividend
21-Jun-07 $ 0.28 Dividend
22-Feb-07 $ 0.28 Dividend
21-Dec-06 $ 0.28 Dividend
21-Sep-06 $ 0.25 Dividend
22-Jun-06 $ 0.25 Dividend
23-Feb-06 $ 0.25 Dividend
22-Dec-05 $ 0.25 Dividend
22-Sep-05 $ 0.22 Dividend
23-Jun-05 $ 0.22 Dividend
24-Feb-05 $ 0.22 Dividend
22-Dec-04 $ 0.22 Dividend
23-Sep-04 $ 0.20 Dividend
24-Jun-04 $ 0.20 Dividend
26-Feb-04 $ 0.20 Dividend
29-Dec-03 $ 0.20 Dividend
25-Sep-03 $ 0.19 Dividend
26-Jun-03 $ 0.19 Dividend
26-Feb-03 $ 0.19 Dividend
27-Dec-02 $ 0.19 Dividend
25-Sep-02 $ 0.18 Dividend
26-Jun-02 $ 0.18 Dividend
27-Feb-02 $ 0.18 Dividend
27-Dec-01 $ 0.18 Dividend
26-Sep-01 $ 0.16 Dividend
5-Jul-01 $ 0.16 Dividend
5-Mar-01 $ 0.16 Dividend
27-Dec-00 $ 0.16 Dividend
29-Sep-00 $ 0.137 Dividend
5-Jul-00 $ 0.137 Dividend
8-May-00 3 : 1 Stock Split
6-Mar-00 $ 0.13667 Dividend
22-Dec-99 $ 0.13667 Dividend
28-Sep-99 $ 0.11667 Dividend
6-Jul-99 $ 0.11667 Dividend
4-Mar-99 $ 0.11667 Dividend
29-Dec-98 $ 0.11667 Dividend
28-Sep-98 $ 0.10 Dividend
6-Jul-98 $ 0.10 Dividend
5-Mar-98 $ 0.10 Dividend
My list didn't show a stock split, and usually it does. Dang it! I can't figure out how to post lists in here without it rearranging them.
My chart does show though that the stock would have made for a nice trade, but to buy and hold didn't make you anything. Up about $2 in 10 years.
__________________
Art G is offline   Reply With Quote
Old 04-14-2008, 12:04 PM   #38
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
Quote:
Originally Posted by brewer12345 View Post
So they should have been calling everyone in the known universe to find out how GE's business was going?

The really huge conglomerates are almost impossible to really figure out. All you can do is make a macro bet.
isn't that what analysts supposed to do? at least some do in the reports i read. some of the big ibanks send their people to taiwan and china to talk to the chip foundaries to get a handle on how nvidia is going to do.

GE Capital might not be that transparent but the other businesses you can follow up on. there is a story floating around that a lot of county hospitals aren't buying new medical equipment due to the ARS thing. to get a handle on the jet engine business all you need to do is check boeing and airbus. for TV check the ratings on NBC. for appliances hit Home Depot on the weekend just like the retail analysts do in the reports i read sometimes. they hit their local mall and comment on traffic.

the real answer is that GE is so big that you don't dare say anything bad about them or you lose a lot of business.
__________________
al_bundy is offline   Reply With Quote
Old 04-14-2008, 12:25 PM   #39
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by al_bundy View Post
isn't that what analysts supposed to do? at least some do in the reports i read. some of the big ibanks send their people to taiwan and china to talk to the chip foundaries to get a handle on how nvidia is going to do.

GE Capital might not be that transparent but the other businesses you can follow up on. there is a story floating around that a lot of county hospitals aren't buying new medical equipment due to the ARS thing. to get a handle on the jet engine business all you need to do is check boeing and airbus. for TV check the ratings on NBC. for appliances hit Home Depot on the weekend just like the retail analysts do in the reports i read sometimes. they hit their local mall and comment on traffic.

the real answer is that GE is so big that you don't dare say anything bad about them or you lose a lot of business.
I can tell you have done a lot equity analytical work on the fundamental side, and therefore there is no way to pull the wool over your eyes.

Sheesh.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 04-15-2008, 11:23 AM   #40
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
and yet a reporter of all people, Herb Greenberg has made more right calls about companies in the last few years than most analysts

off topic in this thread, but in the last 2 weeks or so MBIA and Ambac have lost their top bond ratings. except for a few sites, the financial media has been very quiet about this considering the hype they raised during the last sucker rally we just had

learned the hard way not to trust CNBC and pretty much every financial publication out there, and the anaylsts. very few analysts in the last few years made some right calls to give investors warnings before a company blows up. you can still see it in the ratio of buy to sell ratings on companies.
__________________

__________________
al_bundy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Buy into pension, is this a good buy? igsoy FIRE and Money 23 10-16-2007 02:46 PM
How to buy nothing? perinova FIRE and Money 2 03-06-2007 07:52 PM
Generator: To buy or not to buy.... wabmester Other topics 20 12-27-2006 04:26 PM
TIPS or IBONDS, To Buy or Not To Buy... ? ShokWaveRider FIRE and Money 7 06-25-2006 01:29 PM
buy and build or just buy land and wait ? lonedog Life after FIRE 11 02-13-2006 10:55 AM

 

 
All times are GMT -6. The time now is 12:47 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.