Posted by
Message
beachdude
LSU Fan
LA
Member since Nov 2008
2231 posts

General Electric
Anybody else here own GE stock? What are you doing with it? Anything?


Breesus
New Orleans Saints Fan
House of the Rising Sun
Member since Jan 2010
62205 posts

re: General Electric
I just bought some.


Replies (0)
Replies (0)
00
leoj
Texas A&M Fan
Member since Nov 2010
2597 posts

re: General Electric
Hell no


stout
Arizona Fan
Hermosa Beach
Member since Sep 2006
137685 posts

re: General Electric
I too like lighting my money on fire

I have had it on my watch list forever but can't bring myself to pull the trigger and now with the new CEO talking of splitting up into separate companies tells me he knows it's bad. It will be a LOOOOOOOOONG turn around if it happens or you might become a bag holder.
This post was edited on 1/22 at 6:52 pm


beachdude
LSU Fan
LA
Member since Nov 2008
2231 posts

re: General Electric
I have no problem riding out share value fluctuations long term. However, reducing the dividend by 50% and radical restructuring is cause for concern.


beachdude
LSU Fan
LA
Member since Nov 2008
2231 posts

re: General Electric
Well, they do make jet engines and there aren’t many other sources for them. And, if oil and gas exploration increases significantly in 2018, they’re well positioned for increased profits from the Baker Hughes acquisition. But, things don’t sit well with me when I see a giant company like this lose 45% of share price in 10 months. Oh, well...


Replies (0)
Replies (0)
00
EA6B
Navy Fan
TX
Member since Dec 2012
7066 posts

re: General Electric
quote:

I too like lighting my money on fire I have had it on my watch list forever but can't bring myself to pull the trigger and now with the new CEO talking of splitting up into separate companies tells me he knows it's bad. It will be a LOOOOOOOOONG turn around if it happens or you might become a bag holder.


Insider trading activity is public record, and it does not indicate that anyone with insider information is expecting to be left holding the bag.

CEO Flannery bought 60,000 shares on 11/15/2017, and 103,000 shares on 8.8/2017, these were purchases with his own money, and not exercised options. He holds a total of 621,000 shares.

GE Board of directors member John Tish bought 3,000,000 shares on 11/21/17, he only held 50,000 shares before that purchase.

Former CEO Immelt holds 2,607,596 shares and purchased 100,000 shares on 5/15/2017.

These were the largest purchases, but there were many significant purchases of GE stock by board of directors members and corporate officers in recent months.


stout
Arizona Fan
Hermosa Beach
Member since Sep 2006
137685 posts

re: General Electric
quote:

These were the largest purchases, but there were many significant purchases of GE stock by board of directors members and corporate officers in recent months.



Yea I've seen that. I think GE employees own like 60% of all outstanding stock currently. It does make me curious.


wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
694 posts
 Online 

re: General Electric
Am I the only one that would like to own shares knowing they would break the company up? These conglomerates can hold a lot of unrealized value when they're being held back by other businesses that suck up cashflow. I'd be interested to do a sum of parts analysis on GE


Replies (0)
Replies (0)
20
leoj
Texas A&M Fan
Member since Nov 2010
2597 posts

re: General Electric
Yeah. I’m not going to jump into a stock like this with so much uncertainty and what is probably going to be even more pain in the near future.


Replies (0)
Replies (0)
00
YoungManOldMan
George Washington Fan
Member since Dec 2017
1882 posts

re: General Electric
If it hits 12-14, I will likely buy some. But then again, how much cash are you going to put in it and how likely are you to hold it for 2-3 years?

They won't see $30 a share again for years.


DriverWedge3putt
LSU Fan
Fairways
Member since Jul 2017
198 posts

re: General Electric
Q4 earnings report tomorrow - will keep an eye on that news.
I agree if the stock does drop another $2-3/share I'd go long haul - maybe two years max but would keep a close eye on it.

Likewise, if they split segments, I'd be interested to know how long they'd let them operate individually before opening to acquisition/merger likewise its less profitable operations running to pasture only to be picked up for $.01/$1.


YoungManOldMan
George Washington Fan
Member since Dec 2017
1882 posts

re: General Electric
It’s up $1 right now from yesterday open. Earnings announced now.


stout
Arizona Fan
Hermosa Beach
Member since Sep 2006
137685 posts

re: General Electric
They missed earnings

quote:

The Boston-based industrial conglomerate posted a net loss of $9.64 billion, or $1.13 a share. Adjusted earnings of 27 cents a share missed estimates of 29 cents. Revenue of $31.4 billion also fell short of forecasts that called for $33.8 billion.


YoungManOldMan
George Washington Fan
Member since Dec 2017
1882 posts

re: General Electric
Well the damn thing keeps going up in pre market. You think it’ll crash again?


stout
Arizona Fan
Hermosa Beach
Member since Sep 2006
137685 posts

re: General Electric
I think people are still optimistic because they had segments of their business that outperformed expectations and they know that the new CEO is still in the early stages of restructuring it all. That optimism is pushing the price right now.


LSURussian
LSU Fan
Member since Feb 2005
106930 posts
 Online 

re: General Electric
k, by my calculations, you've moved up to #3 in our stock pickers' contest @ 14.20% YTD performance.


stout
Arizona Fan
Hermosa Beach
Member since Sep 2006
137685 posts

re: General Electric


Wish I could replace MU with TSM on my picks


LSURussian
LSU Fan
Member since Feb 2005
106930 posts
 Online 

re: General Electric
The SEC just announced it is investigating GE's insurance unit for maybe not calculating/reporting its loss reserve correctly.

Immelt may have been cooking the books more than I originally thought.

GE is now trading down over 1% in pre-market trading as a result of the announcement.


stout
Arizona Fan
Hermosa Beach
Member since Sep 2006
137685 posts

re: General Electric
Are you in or buying in anytime soon?


first pageprev pagePage 1 of 2next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram