Curious if the financial experts would think taking GE private would be a good move? I know there is a ton of shares out there to be bought up. But think of all the savings to be had..the amount of reporting and ridiculous jobs cuts all for share price. Run it like you own it GE !
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One way or another the GE employees are going to be shafted big time while others make millions and they don't care who complains.
How's that buy back going ? The company itself and the insiders seem to be the only folks grabbing this POS stock. I find it interesting that the leadership is always granted decent amounts of stock options at these inflection points in the stock. History has shown , drive the stock up 20% and the insiders unload. Not much else to sell boys, can you carve off a leg and sell that ? ...might be time to break er up all together.
Then there are certain GE leadership that alway sell when can..sound familiar..Comstock? Look at SEC filings ...it is disgusting. Then you got Jeff who lost his minds and bought a ton of this toilet paper above $26 , 27 as I recall.
One has to ask why they are granting anything to anyone in a leadership position these days , your salaries and benefit just too damn high for a company that needs to be broke up. It took a few outsiders to start applying pressure on the board to oust Jeff. Otherwise, it would the same old Sh_t.
Immelt had an active program of share buy back. Still about 8 billion outstanding.
Top heavy, so true.
Very valid points on 0% happening now. I still think the individual parts are worth more than the whole. These boys are seriously top heavy and leadership is doing nothing but pushing paper around and sticking it to their employee's. How the hell is their pension fund under funded. I tell you ..poor management and lack of money to fund it properly because they need to buy back their stock and pay dividends.
0% chance of that happening unless the stock gets under $4. Right now GE has a market cap of $215B at just under $25/sh. To go private you need to buy at a premium which would push the price closer to $300+. The largest examples I've found of public companies going private were all for under $30B and in many cases already had a shareholder with significant stake (Dell).
The largest institutional owner of GE is Trian with less than 1% ownership and yet they are closing in on a seat on the Board. Why try and raise $250B (good luck) to go private when you can exert influence with your $2B?
Also be careful what you wish for as most of the institutions that take companies private are even more aggressive in cutting costs. Google what 3G, Blackstone and KKR have done in the past.