Buy GE?

[brewer12345]

Originally Posted by al_bundy

and yet a reporter of all people, Herb Greenberg has made more right calls about companies in the last few years than most analysts

Next you will be singing Cramer's praises.

[Hamlet]

I like to listen to Herb because he's pretty good about sniffing out all of the possible negatives to owning a stock.

Since most of his sources are short sellers, he tends to have a gloomy outlook.

Boy do people get angry with him when he points out problems with their favorite high-flying "story" stocks.

Originally Posted by al_bundy

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.

[Trek]

Good to get into GE now at $28 for a very long term hold?

[Dawg54]

Originally Posted by Trek

Good to get into GE now at $28 for a very long term hold?

I own it. 4.5% dividend pretty good. You should probably short it.

[Rambler]

I got in, a few traunches over the past few days and some a few months back at higher prices...holding on for the dividends, 4.5% now.

[flatrock]

Originally Posted by Trek
Good to get into GE now at $28 for a very long term hold?



I recently bought 4200 shares between 26.53 and 28 inside my 401K. Im in the black right now. Plan to hold & reinvest dividends for 15 yrs. Then transfer all out using the IRS NUA rules to qualify for capital gains if I should need cash but my plan is to turn on the dividend stream to supplement other income. 50 year dividend growth rate is 8%. In their mideast deal today the sheiks are required to buy a min 10% stake of outstanding common stock or 3.2 billion at todays price. Speculation is this will put in a "floor" to keep the share price from dropping more. Im basically gambling and I am not a financial expert. I have been buying & selling GE stock off & on for 15 years and I just think there is alot more upside room than downside than I have seen in a long time.