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1
Posted on 7/5/18 at 3:43 pm to Mr.Perfect
I love this narrative: "GE has been around for a while and it's a big company so it will be ok and rebound"
Cheap stocks get cheaper.
Cheap stocks get cheaper.
Posted on 7/5/18 at 4:07 pm to raw dog
i hear ya.
Look if the OP wants to look at this as $110,000 then yea, he should sell it and put it somewhere else.
I look at this as about 8,000 shares of a company that is still paying a dividend and that i 'personally' believe will be in the mid 20's in 3-4 years.
i dont care what the OP believes or does. My opinion is GE is on the right track to rebound.
Look if the OP wants to look at this as $110,000 then yea, he should sell it and put it somewhere else.
I look at this as about 8,000 shares of a company that is still paying a dividend and that i 'personally' believe will be in the mid 20's in 3-4 years.
i dont care what the OP believes or does. My opinion is GE is on the right track to rebound.
Posted on 7/6/18 at 5:49 am to Mr.Perfect
one can always hope and pray a company will improve operations and profitability in the future..
but a quick look at the last earnings call does not exactly inspire.
a CEO talking about "earning back the trust" of his shareholders tells me the guy knows he's a frickup and is on his way out.
LINK
the OP can do whatever he/she wants..
but i'd sell out completely..and put 100% in in "Dividend Aristocrat" stocks (ie AT&T)
**there is some momentum behind GE at the moment...i'd wait to sell until it reaches a 30 day high (or @ min 10 day)
$T pays over 6% in dividends and has been increased dividends consecutively since 1985.
LINK
but a quick look at the last earnings call does not exactly inspire.
a CEO talking about "earning back the trust" of his shareholders tells me the guy knows he's a frickup and is on his way out.
LINK
the OP can do whatever he/she wants..
but i'd sell out completely..and put 100% in in "Dividend Aristocrat" stocks (ie AT&T)
**there is some momentum behind GE at the moment...i'd wait to sell until it reaches a 30 day high (or @ min 10 day)
$T pays over 6% in dividends and has been increased dividends consecutively since 1985.
LINK
Posted on 7/6/18 at 6:09 am to Bone06
cutting dividends is a really *really* big deal.
do you know how many sugarbabies out there that wont getting help with tuition help b/c of GE next quarter?
as someone that relies on dividends and the market to pay bills...
cutting dividends is a kiss of death.
the stock SHOULD get hammered to the ground..and the CFO, CEO and everyone else involved with the decision should be replaced.
unless the only alternative in insolvency......there should be no cutting of dividends.
ever.
jmo
do you know how many sugarbabies out there that wont getting help with tuition help b/c of GE next quarter?
as someone that relies on dividends and the market to pay bills...
cutting dividends is a kiss of death.
the stock SHOULD get hammered to the ground..and the CFO, CEO and everyone else involved with the decision should be replaced.
unless the only alternative in insolvency......there should be no cutting of dividends.
ever.
jmo
quote:
Oh for fricks sake GE has been around for ages and is a stable company going through a rough patch because they have invested so much in other countries. If you have 8,000 shares and can afford to hold it for a year or so then the chance that you will make money on it is significantly greater than that you will lose money. They have already cut dividends and sold some assets. The stock will stabilize shortly and will start to climb again. With the amount of assets that GE currently holds the thought that they will fall down to penny stock range is crazy. It will take some major wrecking by the GE upper management for them to fall a lot lower than they are now.
Posted on 7/6/18 at 2:35 pm to jimlsu1
Get it out.
Choose two other places to put it.
GE is and has been in trouble for years.
Choose two other places to put it.
GE is and has been in trouble for years.
Posted on 7/6/18 at 6:55 pm to CelticDog
Bookmarked.
Posted on 7/6/18 at 7:45 pm to mrgreenpants
quote:The CEO was brought in (August of last year) to fix the mess, and cutting the dividend may be something they would rather not do, but the they may have to.
the stock SHOULD get hammered to the ground..and the CFO, CEO and everyone else involved with the decision should be replaced.
I mean over the last 5 quarters (since Q1 2017) GE’s Earnings Per Share was -$0.86 but they still still paid a dividend of $0.96 per share. So when you’re losing roughly $149 million per quarter, paying $160 million in dividends may not be the most financially prudent option, even if it’s still not ideal.
GE: Revenue, EPS, and Dividends since 2016
Posted on 7/6/18 at 8:03 pm to Mr.Perfect
quote:If it got to $25 in 3 or 4 years, that’s 21.6% or 15.8% annual price growth. That would likely outpace the broader market by a lot, and with GE shedding assets and may even break off some of their assets into separate stocks, all of which may be necessary for the company, I just don’t see how a mid $20’s price target is feasible in the near or when distant future.
and that i 'personally' believe will be in the mid 20's in 3-4 years.
Posted on 7/6/18 at 8:38 pm to Bone06
quote:GE’s price is partially a function of the massive amount of shares outstanding, with 8.685 billion. To put that into perspective, in Q4 2017 the total shares outstanding for the entire S&P 500 was about 288 billion.
With the amount of assets that GE currently holds the thought that they will fall down to penny stock range is crazy.
S&P 500 Total Shares Outstanding
This post was edited on 7/6/18 at 8:41 pm
Posted on 7/6/18 at 9:36 pm to Bone06
quote:Or you could invest it in any number of ETF’s that still have a dividend yield of 2% to 3%, but with a price growth of 10% to 15%.
If you have 8,000 shares and can afford to hold it for a year or so then the chance that you will make money on it is significantly greater than that you will lose money.
My monthly dividend portfolio that I just messed around and created with about 25 stocks and funds has an annual growth 5.3% and 6.55% dividend yield and that portfolio has a smaller beta value than GE’s stock.
So why would one keep 8,000 shares of GE, with a shrinking dividend, downgraded credit rating, and problematic fundamentals when there are a slew of funds and stocks that can get better growth and a better dividend?
Or at least why not sell 6,000 or 7,000 of those shares and diversify one’s portfolio, and while still having a significant amount in GE if one believes it’s in the upswing?
This post was edited on 7/6/18 at 9:38 pm
Posted on 7/7/18 at 7:38 am to buckeye_vol
quote:
My monthly dividend portfolio that I just messed around and created with about 25 stocks and funds has an annual growth 5.3% and 6.55% dividend yield and that portfolio has a smaller beta value than GE’s stock.
i like the way this guy thinks..
if you don't mind me asking what do you have in your dividend portfolio?
Posted on 7/7/18 at 1:36 pm to buckeye_vol
quote:
So why would one keep 8,000 shares of GE, with a shrinking dividend, downgraded credit rating, and problematic fundamentals when there are a slew of funds and stocks that can get better growth and a better dividend? Or at least why not sell 6,000 or 7,000 of those shares and diversify one’s portfolio, and while still having a significant amount in GE if one believes it’s in the upswing?
The poster did not ask for financial advice. The question was whether someone thought the stock would go up or not over the next year or so. I know GE is not a long term buy for me, but at $13 a share he could wait to see it go up to the 17 - 18 range and sell making 20% - 30% or he could hold it and loose 5% if it starts getting shitty fast. All I did was give an opinion same as you. I'm not trying to give him long term financial advice. I am confident enough that GE will not be going under anytime soon. They have started taking steps to right the ship even if it was late. I may not be on the Guru level with some of the regular posters in here but I do pretty good for myself.
Posted on 12/9/18 at 9:57 am to jimlsu1
quote:
It is not a big part of our assets. For that I am very fortunate. Maybe my question should have been do you think GE stock will go up in the next couple of years? It was a simple question with no guarantee of an answer.
You folks know more about this than I do. Was hoping someone would say that GE will rebound and here is why, but with no guarantees. It is all a gamble. It looks like GE is not a gamble worth it even with free money.
I got a news alert that GE had hit a 6 handle during Friday's trading at $6.99/share. That made me think of this thread and I wondered what you did with your shares.
Sounded like you saw it for what it was (even back when it was in the mid 12s) and were leaning toward dumping it. Hopefully you did.
Posted on 12/9/18 at 10:27 am to jimlsu1
It is not a big part of our assets. For that I am very fortunate. Maybe my question should have been do you think GE stock will go up in the next couple of years? It was a simple question with no guarantee of an answer.
You folks know more about this than I do. Was hoping someone would say that GE will rebound and here is why, but with no guarantees.
It is all a gamble. It looks like GE is not a gamble worth it even with free money.
....
I would sell it.
Then invest in a diversified fund. My favorite is QQQ because I'm a technology guy.
You folks know more about this than I do. Was hoping someone would say that GE will rebound and here is why, but with no guarantees.
It is all a gamble. It looks like GE is not a gamble worth it even with free money.
....
I would sell it.
Then invest in a diversified fund. My favorite is QQQ because I'm a technology guy.
This post was edited on 12/9/18 at 10:28 am
Posted on 12/9/18 at 10:39 am to buckeye_vol
Hope OP listened to this advice
Posted on 12/9/18 at 11:22 am to Engineer
quote:
7/5/18
Some terrible advice in here. GE is already divesting and is sure to rebound.
Ah, the irony.
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