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Message
GE to cut dividend in half
Posted on 11/13/17 at 5:47 am
Posted on 11/13/17 at 5:47 am
Well not shocking I guess. What a train wreck that company has been. What should you do with the stock? It’s already cheap.
5
Posted on 11/13/17 at 6:00 am to willeaux
Pretty demoralizing if you've owned this stock for 20 years.
1) you've got a 35% loss ytd
2) a dividend cut from a company that you bought for their dividend.
I'd imagine a 20 year holder is still wayyy up on this stock? I honestly don't know what I'd do.
Anyone?
1) you've got a 35% loss ytd
2) a dividend cut from a company that you bought for their dividend.
I'd imagine a 20 year holder is still wayyy up on this stock? I honestly don't know what I'd do.
Anyone?
Posted on 11/13/17 at 6:04 am to bayoubengals88
I wonder what normally happens in these cases. Never really followed it. Stock price could improve because company keeping more of its money to invest in itself. Most people own it for the dividend though.
Posted on 11/13/17 at 6:20 am to willeaux
Jeff immelt ran the company in the ground. I still don’t understand why he wasn’t fired years ago
Posted on 11/13/17 at 6:35 am to Civildawg
Cutting the dividend is smart at this point. Once things turn around, it will increase.
Posted on 11/13/17 at 8:54 am to willeaux
In one sentence, I can not tell you what GE does to make money.
I know they bring good things to life - but that is about it.
I know they bring good things to life - but that is about it.
Posted on 11/13/17 at 9:14 am to KillTheGophers
quote:
In one sentence, I can not tell you what GE does to make money.
I know a lot of their business is in the aviation world. For example all the AH-64s and UH-60s atleast in the Army sport a version of a GE T701C/D engine.
Posted on 11/13/17 at 9:30 am to OleWarSkuleAlum
they own a lot of stuff. it makes them money. lots of fixed assets and machinery. their only real big time growth play foe them I see right now is their predix software.
Posted on 11/13/17 at 10:48 am to willeaux
quote:
GE to cut dividend in half
They sold their finance and O&G business at the bottom, not a healthy start.
Posted on 11/13/17 at 11:16 am to barry
looks like they are trying to sell off baker
Posted on 11/13/17 at 12:12 pm to OleWarSkuleAlum
quote:
I know a lot of their business is in the aviation world. For example all the AH-64s and UH-60s atleast in the Army sport a version of a GE T701C/D engine.
Also for Bell AH-1W/AH1Z and UH-1Y use the T700 platform now T700-401C for the Y&Z iirc.
Posted on 11/13/17 at 12:44 pm to momentoftruth87
I'm a buyer at 18
Posted on 11/13/17 at 1:11 pm to PotatoChip
quote:
I'm a buyer at 18
Not me, I think this thing is headed for single digits again.
Posted on 11/13/17 at 1:56 pm to CoachChappy
This dividend cut was expected. I'm expecting a two day sell off. I think it will find support at the end of tomorrow. I'm looking for it to be around $30 by the end of next year. It needs at least 2 more quarters to turn it around.
Posted on 11/13/17 at 2:36 pm to PotatoChip
I would wait a lot longer to buy. My thoughts would be around 1Q 2018.
Posted on 11/13/17 at 4:25 pm to bogart
At least. Still need a credible plan that includes a clear vision for future growth.
Posted on 11/13/17 at 6:13 pm to KillTheGophers
quote:
In one sentence, I can not tell you what GE does to make money. I know they bring good things to life - but that is about it.
GE Healthcare has about 25-30% of the global medical imaging market, they dominate the market in ultrasound, nuclear medicine, and portable Xray.
Posted on 11/13/17 at 8:45 pm to EA6B
So, in a way, GE can be considered a mini mutual fund? Albeit poorly diversified at the moment...
Posted on 11/13/17 at 8:49 pm to bayoubengals88
quote:
I'd imagine a 20 year holder is still wayyy up on this stock?
You'd be wrong, check the chart
Posted on 11/13/17 at 8:49 pm to bayoubengals88
Cutting a dividend isn’t necessarily bad if it allows for capital investment in NPV a positive investments.
But, the market is generally skeptical any time a dividend is cut on a mature company.
But, the market is generally skeptical any time a dividend is cut on a mature company.
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