Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 02-06-2018, 08:52 AM   #101
Thinks s/he gets paid by the post
38Chevy454's Avatar
 
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 1,639
Quote:
Originally Posted by NW-Bound View Post
I was never a fan of Welch. Back in 2000, he was regarded as a hero and model CEO. He got GE into financial business instead of staying an industrial company, and that sowed the seeds of destruction.

Back in 1999, Welch said “my success will be determined by how well my successor grows it in the next 20 years.” The verdict is now in.
Agree, and I was an employee of GE back 1990-95. Welch was not really a good CEO for the employee's perspective IMHO. Yes, stock price did well under him. But employee morale and attitude was in the dump. I was happy to get out of there. GE got out of their core business and into the financial stuff, the core business did not get the investment needed for long term success. I am not surprised at the results, although Immelt did not help slow that slide any.

GE stock currently right at $14.98 as I type this reply.
__________________

__________________
After Monday & Tuesday even the calendar says, W-T-F...

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 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 02-09-2018, 08:58 AM   #102
Dryer sheet wannabe
 
Join Date: Jul 2017
Location: louisville
Posts: 13
I bought VZ, CSCO, PFE, and KO on January 2nd at market open to start my Puppies of the Dow strategy, but I waited for GE. It was simply too high at the time. I got in yesterday @14.66 which now completes my Dow Puppies (or Flying 5) portfolio.
__________________

__________________
220volt is online now   Reply With Quote
Old 02-09-2018, 09:17 AM   #103
Thinks s/he gets paid by the post
 
Join Date: Nov 2011
Posts: 2,470
GE finally hit my share price magic number today so now I join many others as part owner of this mess. Woof!
__________________
GrayHare is offline   Reply With Quote
Old 02-09-2018, 02:22 PM   #104
Thinks s/he gets paid by the post
Lakewood90712's Avatar
 
Join Date: Jul 2005
Posts: 1,338
Quote:
Originally Posted by NW-Bound View Post
I was never a fan of Welch. Back in 2000, he was regarded as a hero and model CEO. He got GE into financial business instead of staying an industrial company, and that sowed the seeds of destruction.

Back in 1999, Welch said “my success will be determined by how well my successor grows it in the next 20 years.” The verdict is now in.
Lets get Jack on CNBC for an interview now .

Putting an old workhorse on steroids works for a while , but ends badly.
__________________
Lakewood90712 is offline   Reply With Quote
Old 02-12-2018, 02:47 PM   #105
Recycles dryer sheets
 
Join Date: Nov 2015
Posts: 439
500 point upward swing today and GE still takes a slight drop, shows how much of a dog this stock is. I had posted last month that $15 was possible, but now sub-$15, perhaps $13 finds level of support....
__________________
bobandsherry is offline   Reply With Quote
Old 02-12-2018, 02:54 PM   #106
Recycles dryer sheets
 
Join Date: Feb 2007
Posts: 312
The good news is that GE can't drag the Dow Jones down by much. Since it (The Dow Jones average) is price weighted, the most direct impact that GE can have when it goes to zero is 103 points.
__________________
copyright1997reloaded is offline   Reply With Quote
Old 02-12-2018, 03:02 PM   #107
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,445
I remember flirting with GE when it was about $8 during the financial crisis. I bought in at $12 and sold a few months ago in the low to mid $20's. Right now there are better stocks to replace it with but I am holding the dry power back to see what shakes out of this current market excitement.
__________________
......."Everybody has a plan until they get punched in the face." -- philosopher Mike Tyson.
aja8888 is offline   Reply With Quote
Old 02-12-2018, 03:15 PM   #108
Recycles dryer sheets
 
Join Date: Feb 2007
Posts: 312
I bought GE in 2010 between 16 and 18 (multiple purchases). Sold all of it June 2017 @ 28.89 after I had given up hope watching it stall in low 30's while others were moving up. Fortunately, I had a bigger bet on Honeywell (HON) which I also bought as an industrial play in 2003, late 2008, and late 2011..and which I still hold (and is my 5th largest non mutual fund holding).
__________________
copyright1997reloaded is offline   Reply With Quote
Old 02-15-2018, 12:03 PM   #109
Thinks s/he gets paid by the post
 
Join Date: May 2014
Location: Utrecht
Posts: 2,253
Quote:
Originally Posted by copyright1997reloaded View Post
The good news is that GE can't drag the Dow Jones down by much. Since it (The Dow Jones average) is price weighted, the most direct impact that GE can have when it goes to zero is 103 points.
Even better news right after: then it drops out of the index!
__________________
Totoro is offline   Reply With Quote
GE
Old 02-15-2018, 12:16 PM   #110
Confused about dryer sheets
 
Join Date: Feb 2018
Location: Maumelle
Posts: 4
GE

This is how I'm playing it. I bought shares at $15.00 and I am selling calls against it. My goal is to sell enough cals and price appreciation to make 20% profit and then I'm out. I bought GE in the 2008 and 2009 period around $14.00 a share and got the spinoff of the their consumer credit card company for free. I am hoping that I can snag some shares of the spin off also. Might have to hodl it for longer but I think its worth it.
__________________
parhur is offline   Reply With Quote
Old 02-15-2018, 03:35 PM   #111
Recycles dryer sheets
 
Join Date: Feb 2007
Posts: 312
Quote:
Originally Posted by parhur View Post
This is how I'm playing it. I bought shares at $15.00 and I am selling calls against it. My goal is to sell enough cals and price appreciation to make 20% profit and then I'm out. I bought GE in the 2008 and 2009 period around $14.00 a share and got the spinoff of the their consumer credit card company for free. I am hoping that I can snag some shares of the spin off also. Might have to hodl it for longer but I think its worth it.
Hope it works out for you but I would never do this. You couldn't have gotten much for the call, e.g. a June 15 strike closed today at .87 with the stock at 14.85. Assuming it was a little higher (.15 would be generous as the premium would decrease as the price increases), we have the stock at $15 and the option at about $1. It seems to me that you don't have tons of upside but are exposed if something more serious comes out of GE on the news front...like the need to eliminate the dividend entirely.

If I thought GE were bottoming here, I would just go long and sit on it. However, it still seems to be in a downward channel...?
__________________

__________________
copyright1997reloaded 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, buy, buy! Dr. Doom said so. NW-Bound FIRE and Money 16 10-23-2013 05:09 PM
Recession over? Buy, buy, buy? NW-Bound FIRE and Money 42 05-27-2009 05:53 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 02:08 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.