Predictions please!
18 replies (most recent on top)
No as while there is a slow leak given the insurance biz, accounting has a grip on it and has raised rates. The bleed from the prior activities will be patched enough from the current. So enough to have suppressed stock prices until more industrial pickup but not enough to go in toilet
“It’s going to make this company probably file for bankruptcy,” Markopolos told CNBC’s “Squawk on the Street. ” “WorldCom and Enron lasted about four months. ... We’ll see how GE does.”
“My team has spent the past 7 months analyzing GE’s accounting and we believe the $38 Billion in fraud we’ve come across is merely the tip of the iceberg,” Markopolos says in the report.
Markopolos says he has given the report to securities regulators and that certain information he has uncovered was given to law enforcement only, and is not in the public report.
The 175-page report claims GE was hiding the depths of its financial problems and would need to significantly raise its insurance reserves. It also points out alleged accounting issues with its oil and gas unit.
GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron. The bloodsuckers.
CIO Tritzio firing older workers. Protecting Alston workers at American workers expense
User @6gmc nails it below
GE leaders milking the cow for themselves until no more milk. GE is not an innovating company, barely a manufacturing company. Main focus is financial activities - mergers, acquisitions, sales, buybacks, dividends, interest payments, etc. Top guys have no mechanical aptitude nor do they think they need it - they report to WS bankers. GE will just keep slowly getting smaller and smaller , other companies that really make things and innovate will take their business and GE doesn't care. Wait until Aviation orders start being cancelled. NO bankrupt in 2019; rather the slow morphine drip.
No not this year. Probably never.
Spun off peices will be better off because investors will do their due diligence and ensure that no toxic debt gets spun out.
Worse off will be those left behind. They may be saddled with bad financial leftovers.
Some pieces will spin off, crash and burn. Some pieces will survive.
No, but the pain isn’t over yet. GE will emerge in 2021 as a significantly smaller and more focused business.
Separate personal indulgences from duty,
I would bet my house on it.
Non.
Yes or no
Try this:
https://www.macroaxis.com/invest/ratio/GE--Probability-Of-Bankruptcy
See @WCr9ME2 or go to thelayoff.com/t/WCr9ME2