Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: lone star annie

Even though they have our money from TARP, I can’t wait to see them go down. I have been boycotting their products for years.


5 posted on 10/16/2009 10:13:16 AM PDT by w4women
[ Post Reply | Private Reply | To 4 | View Replies ]


To: w4women
1.) GE is not going to fail. I'm not going to get into the details, but the results are better than expected (it has to do with the level of loss reserves in the capital arm). I've already said on here that I've bought somewhere around $100,000 in LEAP options / derivatives on GE for a couple years out, meaning that the long and short of it is, that is not an academic opinion; I've backed it up with my own cash.

2.) There is no possible way you could boycott GE's products. You mean you never watch The Weather Channel, Bravo, NBC, CNBC, MSNBC, USA, Oxygen, or a Universal Pictures movie?

You never fly on a commercial airplane (they make the jet engines)?

You don't buy Christmas lights? They sell the #1 brand of holiday lights in the country under the name Santa's Best Craft.

You don't use electricity or natural gas of any kind? They provide the surge suppression, switches, capacitors, transfer switches, transformers, ventilation fans, and voltage regulators to the utility industry.

You have no consumer credit accounts? Department stores? Furniture stores? Private label credit card? They (along with HSBC) are one of the largest private label finance providers in the world. So, when you buy something $0 down or 0% financing for 90 days, GE got paid for it.

You never go to the doctor? Or the emergency room? They design everything from the x-ray machines to surgical accessories.

Buy a Ford truck? Ford uses GE to manage wastewater at one of their truck plants in Kentucky.

The point is, you can't boycott GE unless you use no energy and grow your own food on a farm. It's simply not possible. It reminds me of people that use to call Philip Morris evil for killing so many people, but then put Oreo cookies in their shopping cart. The profit from NABISCO ended up in the same board room and getting paid out as a cash dividend to the same shareholders as the tobacco earnings.
I seriously *LOVE* capitalism.

6 posted on 10/16/2009 10:31:21 AM PDT by WallStreetCapitalist
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson