I like the idea of a spin-off to GE holders, but I don't think that's going to happen. I would imagine the offer will be fully subscribed. I won't be among them, though. I'm going to keep my GE. If I want more financials, I can buy SYF later.
This is what will happen, according to the GE offer:
"If the exchange offer is consummated but not fully subscribed, GE will continue to hold shares of Synchrony common stock not distributed in the exchange offer. In addition, if the offer is not fully subscribed, GE will conduct a distribution of its remaining shares of Synchrony common stock through a special dividend to all GE shareholders, on a pro rata basis (the pro rata spin-off) or, alternatively, one or more additional exchange offers or exchanges of all of its remaining shares of Synchrony common stock for GE common stock within 12 months of the closing of the exchange offer. "
I own 96 individual issues and most of them are down from the start of this year so far, so don't feel too bad
Yes, it is frustrating, and rather frightening, too.
How is the new requirement that ships must be refitted with these systems going to affect us? I would think that this is going to be a very large, not really expected, expense we'll have to face.