Below $13 ....
https://www.cnbc.com/amp/2018/03/26/general-electric-shares-drop-below-13-per-share.html
6 replies (most recent on top)
Do you seriously trust GE leadership and their expected earnings for 2018? There have sold all the employees down the road for years along with shareholders. The GE Capital long term healthcare obligations are not going away. GE Power has know about this down turn for some time and is still slow in reducing overhead. Never fear, Warren Buffett will save the day. Sure , sure you keep thinking that will save GE. The man is smarter than that...
Capital still has issues that have not been disclosed....
How do you know if they haven't been disclosed?
Fake news.
The exposure to the old Genworth capital via this recent write-down is just the tip of the iceberg. GE never took in enough in premiums to cover the medical costs these folks are racking up in their old age. The best part is the insurance policies were written to cover both husband and wife. So, even when an insured employee passes away they have to deal with the second covered individual called momma. I know many retired GE employees that bought those polices and they are happy as heck they have them. The plan is paying out more than it took in....go figure from a bunch of smart MBA's at GE. The only people getting smoked here are GE shareholders it is not the GE leadership taking it in the shorts. They keep granting stock options at a low strike number and play games with buybacks driving up stock price to cash out. Warren, can buy all he wants the stock a PIG! The end is near for GE as the company we used to know it. Major changes still need to be made...JF has a long road to travel.
GE has no ability to generate cash. Capital still has issues that have not been disclosed. Leadership is disconnected from reality. Stock will approach / drop below $10. Split up of the entire company in the making. GE name will remain with the Aviation business.
GE Jumps Most in Two Years on Speculation of Buffett Investment
The shares climbed 3.9 percent to $13.39 at 11:48 a.m. in New York after advancing as much as 5.7 percent for the biggest intraday gain since October 2015.
It will keep dropping lower. Not even considering buying again until it is in single digits and begins putting in a base.
Risk is no one knows after all of the Capital businesses were sold how much bad risk remains with GE in the giant black box.