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50 Comments
- PGPirate, on 01/24/2009, -1/+23Jack Donaghy is not happy.
- chasemassey, on 01/24/2009, -1/+17Time to "BUY, BUY, BUY!!!"
- hotsoda, on 01/24/2009, -0/+10I've thought about investing, and GE's stock still looks promising (a bargain) at the moment. They were banged up like everyone else from the recession, but it could have been a lot worse.
- Poochy818, on 01/24/2009, -0/+9I wouldn't abandon GE now. Its a highly competitive company that is getting temporarily battered by reduced demand and exposure to the financial crisis. I'm not much of an optimist, but assuming we see a return to growth in the next few years, a few companies will still be around to profit. GE will probably be one of them.
- theespecialist, on 01/24/2009, -5/+13The fall in GE's profit can be attributed to the global economic slowdown and company like GE will bounce back.
- mike23w, on 01/24/2009, -0/+7Dividend yield is over 10%. Immelt reiterated it would be safe for the rest of 2009.
Dividend may be cut in 2010 (and even in 2009 if things get bad enough); 2008 was the first year GE had not raised dividends in over 30 years. They paid dividends through the great depression so I suspect you will always get some kind of dividend.
Warren Buffett bought $3B of preferred GE shares last year at $23.xx.
If you buy now and can sit on the shares for 5 to 10 years you should do fairly well. - kevinHaney, on 01/24/2009, -0/+6My uncle used to be an industrial designer for them, used to is key, pretty much his whole department got axed.
- HCviolence, on 01/25/2009, -0/+4GE owns NBC. NBC makes quality shows like knight rider and chuck. GE is doomed.
- oboshoe, on 01/24/2009, -0/+4GE is bad news for awhile.
Between the upcoming military cutbacks and their subsiday GE capital, its going to take awhile to reverse the trend. - cdominus, on 01/25/2009, -0/+3I've heard that GE focused on their financial arm and that that was the actual profit generator of the company until the mortgage mess. I think it was Peter Schiff who called GE "a hedge fund pretending to be an energy company."
- inactive, on 01/24/2009, -0/+3Wow. With insight like that you'll go far.
- googooly, on 01/24/2009, -0/+3no surprise ! its a lovely economic time.
- inactive, on 01/24/2009, -0/+3GE (a.k. The Umbrella Corporation) is falling! The zombies will follow! Is every man for himself!
And it will get better after the second wave of mortgage defaults hits. - murrdpirate, on 01/24/2009, -0/+3I've lost five grand on GE the past 6 months...almost half of what I invested. I don't feel too bad because it seems to me that GE is a pretty good bargain, but I wonder if there is something I just don't know. I realize their financial side is hurting like everyone else (supposedly less so than most banks though, due to being much less leveraged), but I don't understand why their stock has fallen 65% over the past year when profit has decreased by 44%. Their CEO is insisting that this is pretty much where there profits will be in 2009, and that the dividend (currently over 10%) will not be cut, yet the market is acting like he is a filthy liar.
- julesbond007, on 01/25/2009, -0/+2I worked for GE over the summer and most people are very arrogant bastards except for my manager. The problem is that a lot of the managers are incompetent and rely on the bottom people to do the actual work while they have "meetings" etc... I was very surprised. Most of those managers are there because of connections.
The real workers were Indian and Mexican consultants they hired to do the work for them. Most of those manager positions could be eliminated because they provide no additional need for the business. Sometimes I questionned the value of my work. - murrdpirate, on 01/24/2009, -0/+2Haha, yeah I'm with ya, except even worse; I thought it was a bargain at $28. So embarrassing....
- radarplane, on 01/24/2009, -0/+2Yeah, I know. I'm afraid I'll be one of the dummies who hold on to a stock too long. I just can't imagine it not coming back. I have years to hold it. I remember I thought Ford was a bargain at 14. I sold that because I knew there were better cars out there who didn't have to deal with Unions. I was just hoping GE's Windpower and airplane sections would be a safe bet. I wonder.
- inactive, on 01/25/2009, -0/+2Tesla Karma
- oboshoe, on 01/24/2009, -0/+2I thought it was a bargain at 20.
Then I thought i was a bargain at 15
Now its at 12....Bargain? I certainly hope so because i'd like to break even with the bargains I got earlier. - dshPls, on 01/25/2009, -0/+2Only way to partially mitigate that loss if to buy some more ;)
- vio3, on 01/25/2009, -1/+3boo hoo cry me a river GE.
- rheaume, on 01/24/2009, -0/+2Thats not good right?
- zdwade, on 01/25/2009, -0/+2lol at the response. but in a nutshell hes right. the book worth of the company is way above market cap. its still turning profits which is alot more than i can say for alot of other companies. plus its huge infrastructure player if obama passes his stimulus. good buy for the long term.
- radarplane, on 01/24/2009, -0/+2That's really only two words...You just said the same word twice.
- oboshoe, on 01/24/2009, -0/+1Thats my opinion of course. But its based off some of Obama's statements.
When Obama accepted the nomination, one of the ways he said he would pay for the programs he wants to implement is to end the war in Iraq.
The war in Iraq is indeed costly, but most of the money goes to military contractors. The soldiers get paid the same whether they are shooting in Iraq, or marching at a base in Idaho.
If Obama does indeed pay for his programs the way he promised, its companies like GE that will feel the pinch. - inactive, on 01/24/2009, -0/+1Military cutbacks? Won't happen any time soon. Obama needs to keep the economic engine sputtering at all costs.
- fauxbro, on 01/24/2009, -0/+1exactly...a 9.5% dividend yield. Too juicy to pass up
- inactive, on 01/25/2009, -0/+1GE builds the biggest, most awesome wind turbines around.
- sooodvs, on 01/24/2009, -0/+1Their stock hasn't been this cheap in >10 years!
- inactive, on 01/24/2009, -0/+1The monetary reduction from ending the war in Iraq is a drop in the military spending bucket
- CoD4, on 01/26/2009, -0/+1My supervisor's husband (they got married last week) got fired two weeks ago from GE, he was in the financial sector and was in charge of projecting sales for next year, he said it's so bad that nobody's buying anything.
- asus2000, on 01/25/2009, -0/+1Too soon.
- dshPls, on 01/25/2009, -0/+1I bought 3 days ago ;( I got a bump from Warren Buffets mention, now my shares are gonna tank.
- nnorton00, on 01/25/2009, -0/+1Not surprising, over 65% of GE's financial income is through banking, its a small fact that they don't like to make overly public but you find out after working for them for over 2 years.
- spurtle, on 01/25/2009, -0/+1But they're still turning a profit, right? What's the big deal?
- inactive, on 01/25/2009, -0/+1Exactly, most of these stocks are on sale right now.
I hope my fund managers continue to buy on the way down. - browntiger, on 01/25/2009, -0/+1I don't know about GE stock, but GE appliances are horrific. Do not buy at any cost. I think low end whirpool would be better than high end SS GE profiles and adoras. GE you got the look now fix the functionality!
- inactive, on 01/25/2009, -0/+1What about MSNBC?
That loud mouth douche Olbermann can be cut. - inactive, on 01/25/2009, -1/+1You can blame stuff like this on the Media
Everything is fine and they say we are might have a recession and then people stop spending money and then we have a recession - fauxbro, on 01/24/2009, -0/+0yeah their profit margin was down. But they still turned a profit. The dividend is safe for 09 but may get reduced in 2010 and 2011. This company is innovative has lots of money and is a long term play. I've bought and plan to buy more in the coming months. It's sad to say, but if your young like me and can afford to see some short term loss, buy buy buy.
- inactive, on 01/25/2009, -1/+1By your "logic," the man most to blame for the fiscal ***** is Peter Schiff, since he warned us about it while the rest of CNBC & Fox "News" tried to laugh at him (because they couldn't formulate a counterargument). Uh, I don't think so...
- Photokon, on 01/25/2009, -1/+1whole bunch of suckers on here, wow.
- inactive, on 01/26/2009, -0/+0The Government does not have a magic wand and want it does has no real effect compared to the media shaking confidence.
If you know how to read, then read about how many things in history were caused by lies from the media - rowlodge, on 01/24/2009, -1/+1is it 44?
- URnotheonly1, on 01/26/2009, -1/+1GE has Keith Olbermann and a mad leftwing CEO
- Kayakityak, on 01/25/2009, -1/+1So Funny, what you are saying is that the government can meddle in the economy all it wants with no effect as long as the media goes along for the ride?
- rrife, on 01/25/2009, -1/+1Ehh, oh well so they can only half fill the swimming pool with money....not a big deal.
- Qumahlin, on 01/25/2009, -2/+1dammit thats exactly what I was coming to post.
- utahtb, on 01/24/2009, -2/+0Three words: "buy, baby, buy!"
- MickeyPo, on 01/24/2009, -9/+2How is this news? At least they aren't in a loss like mostly everyone else is.
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