GE Stock Worth Just $2, Says Longtime Bear Charles Ortel

Markets are obviously colapsing again. Duh. People don't have the money to give GE. Yeah, no kidding. GE is bankrupt.

GE is just an old dinosaur like GM.

It is very simple what happened here. GE was seen as a 'diversified' company when in fact it actually was not. It used its GE Capital unit to have access to cheap money, and when GE Capital got hit, the bricks to the foundation started coming apart.

*** Ortel sells his Advice to HEDGE Fund Managers*** So why should I listen???? Gee... think I let them idiots get clobbered again in 2009 & 2010... Going to stick with the Stimulus plan spending & Warren Buffet's insight myself..

hmmmmm.... we seem to have a difference of opinion. Maybe if Tech Ticker could get Ortel and Johnny Ike together to engage in a debate we could make a more informed decision.

Just another crumbling brick in the wall. Have 1600 shares of GE for retirement. I guess that has gone south with everything else. Lucky for me my daddy was a steelworker so we didn't have much growing up. Hand me down clothes, brown bag for lunch, one week on the boardwalk at A.C. There's no hope with the socialist tax happy do gooders. America's best years are definetly behind us. Just let me and my wife squeeze by and the rest of you can go to crap.

This economy is going to to tank. Mark my words. The govt has finally realized that they can't save it by propping it up. It's going to happen and happen bad. Figure out a way to save your money.

Looks like analysts are playing. If you join the dumping, in and out of the train, be careful. They can slow the train, and they can also speed up the train, leaving us behind in the desert.

It's about time people finally start to see this. GE has been a sack of garbage for YEARS! Jack Welch sure got out smelling like a rose, though. People need to understand that this isn't Immelt's fault; he's just the bagholder.

When indexes are ten year low, best grap the rope and hold for another year. You will be wet and get only paper loss. Most of those who scared to sell low will regret.

I worked for GE in NC---the unit that backs credit cards issued to Lowe's, Dillards and the like. Their benefits are good, and the pay stinks. Part of the benefits is investing in GE stock. During the short time I worked there, GE stock was $25.00 per share and now it's $11.00. Do the math...I lost 60% of the value. Good thing I diversified. The future of GE does not depend on the government or the market. It depends on focusing on business that is profitable, which GE has yet to identify. Johhny Ike likes to be first in line for comments, but the Good Book says "the first shall be last". Be careful who you believe, do your homework and good luck and God Bless.

Stocks can start a multi-year bull market from any afternoon for noon reason, no matter how high the jobless rate is.

At one time GE was number 1 or 2 in a number of industries. Now they're just a second or third rate player. They offer up such brands as NBC Universal. Their finance division was started up with the reasoning that they wanted to provide others with the necessary financing to sell them their own high cost products. But then it evolved into a financial landmine. While their debt is enormous, its not out of line when compared to many of their brethren. Finance companies use leverage which means they're going to have a lot of debt.

Hedge Funds that's all we need to know. Who owns the American Market? Hedge Funds. Who is cashing it? Hedge Funds. Is the private investor making out? Ask the Hedge Funds. Look who is in charge of the PPIP? I wonder if there is any kind of Obama Connection there? Blackrock? Is Obama fellating Blackrock or is Blackrock fellating Obama? Have any of you pro-Obama people looked into any of this? I think not. It is intuitively obvious that you pro-Obama people just refuse to look at the sad, sad connection Obama has with some of the market manipulators. Dig, dig, dig those conspiracy theories out of the closet and counter this argument with Bush and Big Oil, Cheney and military contracts, and any number of theories you mental incompetents can dream up in your liesure time. Maybe you pro-Obama people need to learn to read ?

I doubt whoever can time the market.

Very interesting and troubling.

When analysts downgrade, they want to lower the cost.

GE a $2 stock? where is the president or history for a prediction like that. I always like the doomsayers downing good stcks so they can swoop in and pick them up cheap and make a bundle of cash. It's another insider trying to munipulate the market for thier own finacial gain. Nothing new under the sun there!

Is my sight getting weak or is that Obama's ears I see sticking out of Jeff Immelt's back pocket? Maybe I need a "sight stimulation"?

For $2 a share, I will take a chance. Give me 1,000 shares.