How low will it go?
9 replies (most recent on top)
GE recipe for failure
GE stock was 512 in 2000 now 91 today split adjusted and has done dead cat bounce last 5 years. After turning GE into low quality, high cost of quality outsourcing outfit in 1990;s. Now shipping and handling costs are really eating them alive, even worse than since 2000. Cost of shipping large finished component around world instead of to next building, without preservation or boxing
GE is now missing earnings, stock dived today because GE labor shortage. The let go so many people, others went elsewhere because toxic workplace.
Now they can't get work out result in big loss of potential earnings.
Major supply chain issues also ki----g earnings.
GE used to be great engineering and manufacturing company, with long term highly trained, skilled experts. Now GE is a low quality outsourcing outfit with mostly warm bodies instead of highly skilled experts they need.
Meanwhile, back at the farm, Ed Garden is doing "nothing" as usual. Get rid of him and Nelson Peltz. They bring nothing to the table but empty pockets to fill.
cant taper a ponzi
It’s going to sink back to a $20 stock soon enough
Sell GE, buy Victoria Secrets. That is where the money is, in women's underr garments.
What did you expect from a leader appointed by a hostile investment firm?
Good quality stocks will always keep their value in long term. I agree sell some stocks like GE since long term future gain is not in your future.
The Dow Jones bubble hasn’t bursted yet, but when it does, look out. The Fed is going to have to raise rates to curb the runaway inflation. They will do it slowly and a few times over the next several months. Stocks will suffer and fortunes lost. Sell now.
penny stock level