General Electric Company (GE)

anchak (84.84) Submitted: 4/17/08 10:46 PM

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I have to disagree with your thumbs on this...note not too much on what you said....just the direction itself...and you may surely been correct if only you thumbed it before the drop. And by my own admission I do not foresee GE beating too much above $2.00/shr this year - so by decent valuation price should be around 30-32 mark where it is - and if the S&P drops ...you'll still be in the green.....However, I do not think you picked it for that reason.....

General Electric is a fundamentally sound company, yes GE Cap is a little all over the place and probably the least well run ( not from a past financial number standpoint....as you point and I concur) ........but other parts of GE usually has good managers ....also Immelt has been brutal in shedding fat and not so fat ....he got rid of the Insurance business between 2004-06...they were the most vulnerable to this Debt crisis for their Investments in MBSs....other GE Consumer Money arms are small, high-risk operations and yes nicely leveraged due to the AAA rating they get from the parent. Still they are not usually the kind to take huge unbridled bets ( They did that in the reinsurance business and sold that) in the marketplace...and latest balance sheet shows mininal <2 BN Subprime exposure ( before MTM)....

Welch was the mystical wizard and yes Capital was his lair, and GE will not really want too much light on Capital....and they do contribute close to 50% of GE earnings.....so will they fall a lot....some maybe...they are truly diversified....so if they do fall...not like a 2 week hiccup to dispose of some assets to dress for the earnings release...overall global shortfall...we should all be having serious heartburn...because its not a company thing anymore.

You are free to propound you views....and being a respectable lady , hopefully not take too much spite. I currently do not own any GE, I had in the past....intend to probably in the future.

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snoop1am2000 (< 20) Submitted: 5/18/08 5:48 PM

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your probably right!

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metoo105 (99.79) Submitted: 5/21/08 10:07 PM

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Well, you exaggerate.

GE Capital is undoubtedly a big secret to their (prior) success. And the stock has been floundering since the world first learned that a $600 billion company with five divisions doesn't make much sense for this century. (Strangely, this lesson has already been forgotten.)

But your points about GE are probably kind of wrong as well. They somehow manage to be in all of the right industries at just the right time: nuclear plant construction, desalination, energy efficiency. These are the big things that will grip all economies in the near future.

Moreover, they haven't done what a lot of other bloated pics do and get fat and lazy (XOM springs to mind). They push to innovate and have mostly succeeded.

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