GE has been in an eclipse the entire time Immelt was at the helm. His board was to busy kissing his rear and got blocked from viewing the disasters he was entering into. They were blocked from seeing his personal wealth grow to to a billion at the expense of the shareholders. They were blocked because he was lining their pockets with our money. Its called a collusion eclipse
I don't get the price of GE. They make power generation and distribution equipment used by infrastructure throughout the world, Cardiac Cath Labs, CT scanners, MRI scanners installed at most major hospitals in this country and elsewhere, LEAP jet engines used or will be used by every airline in the world, Oil and gas infrastructure equipment used worldwide by all oil companies. Granted they don't make IPHONES but the market doesn't really care. Apple could buy 50% of GE with spare cash on hand. The world would survive without IPHONES but the world would definitely be a much more difficult place to live in without the products GE has designed and built. There, I feel better having said this.
GE's LEAP engine is the engine of choice! Pratt is having a lot of reliability trouble with their 'geared turbine engine' enabling GE to LEAP ahead '10 to 1'! The 'geared engine' is quieter and fuel efficient but all is lost if it is less reliable and costs more to maintain!
sad pats fan
Immelt and the board should be tarred and feathered. They are all not qualified for their positions.
Investigate embezzlement at GE board. Rumors that at least 2 board members will be indicted. More to come.
I will be 150 years old when GE goes back to it's old high. (17 years ago in 2000)
Run Uber & don't look back if u think Immelt will be a good CEO pick ! His last job GE-CEO its stock is the dog of the DOW.
my God!! It finishes up for the day!! Must be after effects of the eclipse or something.
GE is a 'WIN - WIN' situation. If Flannery gets its 'act together' WIN. If he doesn't Peltz will push for a 'break-up' -WIN !
Immelt had the nerve to knock Trump? For someone who ran a company into the ground for 15 years should keep his mouth shut!
Has anyone seen or heard anything related to the break up value of GE? It would certainly seem that the sum of the parts would be greater than the current value.
GE has about 119 billion dollars sitting outside the U.S. GE is loaded with cash , don't worry about that dividend. These so called stock pros are driving the stock price lower just waiting for Trump to lower the tax rates on offshore money. They will get the info before the small investors and make a killing on the stock. Be patient , don't be fooled by the wolves of Wall Street.
Time for GE to break-up. Sale those less profitable divisions.
When is Flannery going to announce some restructuring? Maybe buy EKSO and/or RWLK to build a biotech/industrial/military powerhouse of the future.
On 'bright side' WSJ shows GE was actually being 'accumulated' today- something I haven't seen in awhile.
Warren Buffets timeline is different than mine and I'm still up 8%. I'm long on GE but I'm sure it will take years not months to turn things around.
One reason why Buffett sold his stake... New CEO isn't as liberal as Buffett... Buffett can't control this CEO. Suck it Buffett.
Be cautious of the scammers that claim a dividend cut....I saw one post that looks like it was from 2009 but the dateline was conveniently removed to make it look like it is current. An obvious attempt to mislead.
SELF INFLICTED AGONY.... EARN A LTTLE INTEREST AND WATCH MY NET WORTH DROP 21%...Are we having fun yet?
Sure the price has declined and longs are losing account value. However, the trading volume is modest given the declines, which tends to indicate this is not a panic situation. I believe this stock will rally very strongly after some unknown event like a big sale of aircraft engines or a report from the new CEO about how great is the company and that it's making real progress. I have the feeling we are being played by axxholeos that like to short and try to scare people into selling to make their shorts worthwhile. There are few industrial equipment manufacturers with as solid a company and as attractive a valuation as GE. I'm on board and staying for the ride. Good luck, longs.