To: agere_contra
"General Electric owes its creditors about half a trillion dollars, and has net assets of less than 20 billion dollars. GE spends 90% of its income just servicing its debts."Hah!
I remember about 12 years ago, the pump and dump pimps were touting GE as "a massive cash generation machine" that was a no-brainer buy.
Thankfully, I got out a while back at $37.
To: SnuffaBolshevik
Thankfully, I got out a while back at $37.That was very wise FRiend. GE has a share capitalization north of 150 billion, but in a universe untainted by massive Government intervention the shares would be worth precisely nothing.
To: SnuffaBolshevik
Wasn’t that back when Jack Welch was the boss?
42 posted on
11/16/2009 8:07:15 AM PST by
ichabod1
( I am rolling over in my grave and I am not even dead yet.)
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