Dead cat bounce in stock. Stock price way down over past few years as SP climbs to all time high. I think overall after 10 years of economic growth (Mainly from $ printing), longest in history, the overall growth of country is closer to a top than a bottom. A roll over in economy has to be comming in next year or so (IMHO). What will that do to GE stock if incomming demand is slowing? Can the new guy ramp sales?
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Cash is king immedt sold all the cash cows to bet on prefix and alstom.
There is also a debt and liability issue as well. In the end negative cashflows and massive liabilities will cause the stock to reduce along with the forced sales of additional parts of the business.
The only game is to buy more time when hopefully better outcomes can be achieved than the present will allow.
I agree, selling 100K shares today. Stock will only bounce up if the cut the hourly ranks in power by 25-30% to align with lack of demand
Stock will be back at 7 or so soon enough