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Citigroup Inc. Message Board

  • nanoradar nanoradar Mar 1, 2009 9:39 AM Flag

    GE: The collapse of a Titan

    GE was once America's darling company.
    What has happened here troubles many.
    Its Banking division GE Capital which represents nearly 50% of the entire company is at the forefront or beginning of its troubles. Unfortunatley they got way overexposed in this
    financial banking crisis. Now realing from a Massive Debt overload they decided to counter
    with raising the dividend to a whopping 12%.
    Most astute market players saw this as a Red Flag knowing any heathly company does not distribute these kinds of dividends. More importantly CEO Jeff Immelt gave his word to the common shareholders meaning the general public he would honor the dividend for some time. That promise has been broken in just a matter of weeks with a complete reversal. No doubt many have been decieved and the only reason they were able to successfully pull this Ponzi off is off GE's past stellar reputation. Now we know they are in serious trouble and whats the next lies to come.
    Is it the Triple A or will they take the Tarp that they still claim they don't need. How will the stockprice fare if the next Leg drops?

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