The media and press have been too busy with important issues like cold case high school heavy petting, Stormy Daniels camel toe prints at Trump Hotels, and Sara Huckabee’s pie baking, than to report on real news like General Electric under a DOJ probe? Priorities man!
Unfortunately, my wife has a bunch of GE stock in her IRA.
Just sold the rest of mine. It was purchased by my grandfather in the 1920s and early 1930s. He sold some in 1936 to buy a farm at a garage sale. My Dad held the shares he inherited for 40 years. He never sold or bought any. He just collected the dividends all those years. It was like a family heirloom but its time for it to go (imho)
Is GE down into penny stock territory yet?
Hoping that this means it’s getting to bottom. Looking to pick up some on the cheap. Lowest it got in ‘07 crisis was $6 or $7.
Cripes!
/sarc
I have a significant other in the middle of this that is behind the scenes.
It’s worse than the press reports.
I don’t want to give details but all I can say is “Wow.” I’m relayed stories every day that would make me dump the stock.
However not many people bought GE at $11 a share and would lose a ton selling it. My advice? Wait for the breakup and reissuing of new stock in whatever the remaining spinoffs may be.
The brain drain going on with mid-level management is mind boggling. Everyone that hasn’t left is scrambling to get out. No one is counting on this thing surviving that knows a sliver of what’s going on.
GE has told more than one firm they are outsourcing work to to stop poaching their employees or their contracts will be cancelled. There are ring fences up preventing employees in certain divisions/areas from being allowed to post jobs internally to other business divisions.
It’s as ugly as any corporate status as I’ve ever heard about.
Is ObamaLamaDingDong’s former job Czar still running the company?
You know, the little cuck that told american to stop criticizing big government.
GE products are horrible.
Remember when the CEO of GE was an adviser to 0?
I do.
Well I’m sitting on a few shares of Smith & Wesson that are worth about 60% of what I paid for them. So I don’t think anyone’s going to be in line to get stock advice from me.
But GE doesn’t sound like a very good buy right now.