GE An $ 8 stock by December?

[Lakewood90712]

I found the guy to turn GE around :

https://en.wikipedia.org/wiki/Albert_J._Dunlap

I thought Al had passed, He's still around. To bad about the lifetime ban on holding office in a corporation.

 

[Lakewood90712]

Rally in GE

Up 3.2% (24 cents) . just need a hundred more days like this.

 

[clifp]

I have been holder of GE for many years even bought more in the mid teens. But I took advantage of the bump today to get rid of 1/2.

A friend of mine got laid off from GE, back in the summer. He had only been there a few years, he found the work interesting but he couldn't figure out how the company was planning on making money with it. It involved "Big Data" for the locomotive division and if that worked they were going to use with wind turbines.

They paid him a very good salary (it is hard for 55+ year old software engineer to find jobs) and gave him and the whole department pretty generous severance packages.

 

[IMATERP]

Six and change following the release of the next earnings report. Might be a good time to do a little bottom fishing.

I

 

[bobandsherry]

Might be a good time to do a little bottom fishing.

I

People thought that at $15, $13, $10 and $8, not to mention those who thought it was a "bargain" at $20. Not much to really expect a rally unless you think the name has value.

 

[aja8888]

This reminds me of JCP only it took more than one CEO to kill it.

 

[DanP]

Finally had the guts to sell all my remaining GE shares. Might as well take the big loss as a tax offset, and the though that these could end up as worthless as my old Kmart shares...

Onwards.

 

[Running_Man]

All one needs to know about why company "adjusted" earnings are totally usesless and why GAAP earnings remain the single best signal of the health of a company. Since 2011 "adjusted" earnings have been ahead of GAAP earnings it fell off the cliff in 2015, while GE was buying 38 billion in shares to hold the stock up for executive stock bonuses. This is a travesty for every company that does this.

 

[Lakewood90712]

Deal with the Devil ?

Today's low: $ 6.66


Goth the Morningstar report on GE today. Still digging thru it.

 

[target2019]

Got out of GE at $7, on 12/10/18. Lost about $1 a share.
These shares came through inheritance, with stepped-down basis. Original buy at $24/share.
There were not enough shares to hold onto for speculation. Glad I no longer see it in the portfolio.

 

[Lakewood90712]

S & p down about 2 % and GE up a penny ? Surprised the empty talking heads aren't reporting this as a " flight to quality " LOL.

 

[retired1]

Just put in order to sell ALL 133 shares of my GE and get long-term "Loss" to save on taxes. Just in time for tax season coming up

 

[Lakewood90712]

Just put in order to sell ALL 133 shares of my GE and get long-term "Loss" to save on taxes. Just in time for tax season coming up

GE has an unusually high % of individual share owners. Price might actually improve in January if tax loss selling is weighing on it right now.

 

[Lakewood90712]

Closed above 8 today. Dropped back under 8 after hours.

 

[Running_Man]

https://www.cnbc.com/2019/08/15/ge-shares-drop-after-madoff-whistleblower-harry-markopolos-raises-red-flags-on-its-accounting.html

Harry Markopolos after a one year analysis has called GE a bigger fraud than Enron which if true would mean an enormous amount of corporate debt could go bust faster than you can say Argentina. Mind you there actual financial statements without any additional liabilities not recorded show net tangible assets of negative 47 billion, this was a positive number at the end of 2015.

 

[Freedom56]

Here is a link to the actual report:

http://fm.cnbc.com/applications/cnb...9/8/15/2019_08_15_GE_Whistleblower_Report.pdf

I made a comment a few days ago on another thread regarding bonds. I stated that you can't trust the rating agencies as I thought that GE bonds should be rated CCC+ not BBB+. There is definitely something fraudulent going on at GE. I would take Markopolis seriously as he has exposed other insurance frauds such as Amtrust. The other company people should be concerned about is Boeing. There is no way that their bonds should be "A" rated.

 

[ExFlyBoy5]

The other company people should be concerned about is Boeing. There is no way that their bonds should be "A" rated.

You are not kidding. I have been wondering for a couple of weeks why in world they haven't been reduced. And GE? Not surprised in the least.

 

[davebarnes]

10 months later.
Is GE a buy after today?

 

[erkevin]

I almost bought in last year thinking this is going to have a huge upside (I didn't). Now it looks like Valient Pharmaceuticals (I lost my ass) or Enron

 

[footenote]

Worked at GE during the "good years."

My financial services division annual meeting
was in Palm Springs. Our last night
entertainment was Huey Lewis and the News.

The top incentive trip for the
year I won it was a 2-week, all-expenses-paid
trip to China for you and your spouse

Days off were not subtracted from your
vacation and the costs were "grossed up,"
so no tax exposure.

Very glad I left
(depression baby mom
thought I was crazy).

 

[COcheesehead]

Worked at GE during the "good years."

My financial services division annual meeting
was in Palm Springs. Our last night
entertainment was Huey Lewis and the News.

The top incentive trip for the
year I won it was a 2-week, all-expenses-paid
trip to China for you and your spouse

Days off were not subtracted from your
vacation and the costs were "grossed up,"
so no tax exposure.

Very glad I left
(depression baby mom
thought I was crazy).

2nd prize was 3 weeks in China.

 

[Bluegrass]

Footenote - your post needs explanatory footnotes.

 

[Lakewood90712]

Uh, make that $ 7 by December 2019. No real good news on the horizon, and the hit's just keep coming. Hire Jack back. I would love to see him tap dance now.

 

[kcowan]

Here is a link to the actual report:

http://fm.cnbc.com/applications/cnb...9/8/15/2019_08_15_GE_Whistleblower_Report.pdf

I made a comment a few days ago on another thread regarding bonds. I stated that you can't trust the rating agencies as I thought that GE bonds should be rated CCC+ not BBB+. There is definitely something fraudulent going on at GE. I would take Markopolis seriously as he has exposed other insurance frauds such as Amtrust. The other company people should be concerned about is Boeing. There is no way that their bonds should be "A" rated.

For 20 years, I have always used bond ratings as a start for investigating good companies. One thing is that ratings agencies always lag and are compromised by some of the companies they rate. It is like big brokers who maintain buy ratings on stocks. Nortel never had a sell rating.

 

[BeachOrCity]

GE is just another in a long line of companies some investors put much of their retirement dreams into and ended up getting burned.

My main wish with this is those who still do this with (insert name of tech company here) will wake up and understand the power of diversification.

I am talking to you peeps who don’t sell their RSUs when they vest.