Posted on 03/03/2009 10:06:30 AM PST by DTogo
BOSTON (Reuters) - General Electric Co (NYSE:GE - News) CEO Jeffrey Immelt acknowledged on Tuesday the company's reputation had been "tarnished" and said the entire finance industry would need to be rethought due to the global economic meltdown.
(Excerpt) Read more at finance.yahoo.com ...
$6.98 at 1:07pm.
GE is a hedge fund masquarading as a company with real earnings
Should I buy or wait? Discuss....
Jim
How this guy got to manage anything bigger than a pet care salon is a mystery to me.
And has been for several years. All the manufacturing of turbines, jet engines and appliances was just a hobby.
Buy what?
A locomotive, lightbulbs, a jet engine, or the stock?
Well, Immelt's admission is tantamount to admitting that there is a dead body in the attic. If I were you, I'd wait until the stink becomes unbearable and the body is black with flies before investing. (I wasn't so patient!)
Regards,
Ask your wife, Nancy.
Well that was uncalled for. I’m more conservative than most.
Too big to fail. Nationalization would be nifty for Obama, move Matthews and Olbermann into a new State Media room in the White House.
Just pulling your leg. ;^)
Thanks for posting that, it is most interesting.
The real talent and innovators at GE left 10 years ago.
This indicates a lot of folks are shorting it - heavily:
The real problem is that azz Immelt decided being “green” was more important than making green aka a profit. Buy when and only when they kick his incompetent rear to the curb.
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