My neighbor's little girl said Jesus would be a Socialist, since he advocated redistribution of the wealth and communal ownership.
Not surprised. Whether it's traded at 15 or 21, the div hasn't moved. Fine with me. Better than BRKB, which pays no dividend.
I've owned GE for years, and since its big drop, it has done next to nothing. May still sit on its thumb until the specifics on the GE Capital move are clear. In the meantime, my MMM has soared. I am long on both, so what one analyst has to say in the short term doesn't concern me. I still stand by my point that upgrades and downgrades are for the benefit of the analyst's employer.
I have no preference, just that selling one brand seems woefully inadequate. If you're going to monkey with the cigarette side, go all the way.
Yeah, and RBC rated GE an Outperform. Which means they want to sell GE and buy MMM. Analysts' advice is always the opposite of their companies' plans. Why people follow these corrupt jokers is beyond me.
Analysts recommend a buy when their company wants to sell, and vice-versa. Why people move on what these crooks have to say is beyond me.