General Electric

Hell no

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

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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.

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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.

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

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.

They missed earnings

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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.

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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.

Wish I could replace MU with TSM on my picks

Are you in or buying in anytime soon?