https://fortune.com/2019/08/22/ge-stock-buybacks-financials/amp/
8 replies (most recent on top)
If so, HM may be correct about his findings being "tip of the iceberg" only.
Those asking where the money went from GEC? It definitely didn’t go to the pension funds.... I’m guessing it’s in a few wallets or off shored for the global elite...
The letter below says that $29 billion of the $200 billion GE got from GEC sale was spent on stock buybacks.
What happened to the remaining $171 billion in cash?
http://ctwinvestmentgroup.com/wp-content/uploads/2019/04/GEBoard-LetterFinal.pdf
Yes, after all publicly known expenditures, about $150 billion of cash proceeds from GEC sale is still missing.
What happened to that money?
Go to sleep, you will have everything you want in your dream.
:P
none of it makes sense. what happened to the nearly $200 BILLION generated from the asset sales? Even accounting for the stock buy backs, the Alstom deal, etc there are billions missing. Financial games at GE???
Look at Sears. Sears spent $6 billion buying back its own shares since 2005 in a futile effort to help support its stock price. The stock plunged more than 99% in value, from a high of $143.91 in 2007 to less than $1 a share a couple of weeks before its bankruptcy filing in 2018.
GE went on a $24 billion spending spree in 2016 and 2017 to buy back GE stock. A futile effort. Does the same fate await GE as that of Sears?
So glad I sold the stock when it was above $30.