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Registered ConfUser
Join Date: Aug 2006
Location: Waterlogged
Posts: 23,595
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Time to buy GE?
Closed around $6.72 today. Never thought I’d see it. So, time to jump in? New CEO, plenty of cash on hand, yet could still fall further. Analysts suggest it will fall further. Are they right?
Thoughts?
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Mike “I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll. Last edited by Chocaholic; 12-12-2018 at 03:56 PM.. |
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12-12-2018, 03:48 PM
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Information Overloader
Join Date: Mar 2003
Location: NW Lower Michigan
Posts: 29,459
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I really don’t know what GE actually is anymore.
It looks allot like Sears did before they bought Kame-Apart and went totally worthless. So BUY! |
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12-12-2018, 03:56 PM
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Slackerous Maximus
Join Date: Apr 2005
Location: Columbus, OH
Posts: 18,202
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Meh.
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2022 Royal Enfield Interceptor. 2012 Harley Davidson Road King 2014 Triumph Bonneville T100. 2014 Cayman S, PDK. Mercedes E350 family truckster. |
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12-12-2018, 04:09 PM
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Registered
Join Date: Jan 2003
Location: the beach
Posts: 5,150
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Years ago, my father-in-law bought a bunch of GE stock to finance my daughter's college. She'll be starting next year. Last year it was worth enough to cover 2 years of college. Now it won't cover a semester. So much for that.
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Charlie 1966 912 Polo Red 1950 VW Bug 1983 VW Westfalia; 1989 VW Syncro Tristar Doka |
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12-12-2018, 04:38 PM
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I bought some a couple months ago and again a few weeks ago thinking it couldn’t go lower. So much for not going lower. Just goes to show I have no business picking stocks. I may roll the dice and buy more tomorrow because their assets and market share in the utility business I’m in is just so huge I can’t imagine them going under.
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2014 Cayman S (track rat w/GT4 suspension) 1979 930 (475 rwhp at 0.95 bar) |
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12-12-2018, 04:48 PM
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Registered
Join Date: Aug 2014
Posts: 401
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Value trap.
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12-12-2018, 04:54 PM
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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Good grief no, American conglomerates chasing the falling knife.... no thanks. There are great American companies worth investing in but the slow moving mammoths aren't where I'd look.
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Cornpoppin' Pony Soldier |
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12-12-2018, 05:31 PM
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But when does the value trap become a value buy?
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2014 Cayman S (track rat w/GT4 suspension) 1979 930 (475 rwhp at 0.95 bar) |
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12-12-2018, 05:32 PM
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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Does this look like the 5 yr of a company about to rebound? Can;'t you just feel the energy?
 
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Cornpoppin' Pony Soldier |
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12-12-2018, 05:46 PM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,345
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find something with a better dividend if you’re just parking.
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1983 SC Coupe 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII |
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12-12-2018, 05:51 PM
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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I'm a Capitalist of the highest order but I'll openly admit that >70% of executive energy at GE is spent figuring out how to justify the next round of bonuses for the middle to upper management groups. Jackals feeding off the carcass.
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Cornpoppin' Pony Soldier |
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12-12-2018, 05:53 PM
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Registered
Join Date: Aug 2014
Posts: 401
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Quote:
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12-12-2018, 05:55 PM
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Registered
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Stay away
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81 SC 3.8 Conversion 2017 Macan S INSTAGRAM @tail_spinz |
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12-12-2018, 05:58 PM
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Driver, not Mechanic
Join Date: May 2013
Location: SF Bay Area
Posts: 3,011
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Forget the stock, do you believe in the turnaround story? Could be 5 years or more, if you turn out to be right,
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12-12-2018, 06:43 PM
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Bland
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Don’t try to catch the bottom. Jump on the upswing.
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06 Cayenne Turbo S and 11 Cayenne S 77 911S Wide Body GT2 WCMA race car 86 930 Slantnose - featured in Mar-Apr 2016 Classic Porsche Sold: 76 930, 90 C4 Targa, 87 944, 06 Cayenne Turbo, 73 911 ChumpCar endurance racer - featured in May-June & July-Aug 2016 Classic Porsche |
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12-12-2018, 10:52 PM
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?
Join Date: Apr 2002
Posts: 30,560
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Wouldn't buy GE stock, but have purchased a couple of their short term bond offerings....6.5-7% yields.
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12-13-2018, 01:38 AM
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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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Quote:
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss '07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold '85 Guards Red Targa - Almost finished after 17 years '95 Road King w/117ci - No time to ride, see above '77 Sportster Pro-Street Drag Bike w/93ci - Sold |
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12-13-2018, 03:38 AM
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Registered
Join Date: Jan 2002
Location: VA
Posts: 3,573
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My dad was a 35+ year GE employee. When he passed a few years ago, his portfolio included a fair amount of GE stock. Mom did well on the annual dividend. But, of course, that is now gone.
In a nutshell, GE lost its way when Jack Welsh retired. The following years were a disaster. If one is not already a GE stock owner, buy. If you are an owner, sell.
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'17 Cayenne |
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12-13-2018, 05:25 AM
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Registered
Join Date: Dec 2007
Posts: 1,231
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Well if you bought yesterday you just got a nice 10% return. Any other predictions, choc?
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12-13-2018, 06:43 AM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,295
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How about a little DB?
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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12-13-2018, 06:47 AM
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1979 Porsche 930 3.4
Crop Duster
Kachow
1976 Porsche 930
