GE Cuts Dividend

Grovellers of our tax money....dividend should be suspended FORTHWITH.

This shit of a "quansi ponzi " company will ultimately fall on their own knife as major contracts will be cancelled and they can not use their own finance arm to finance the contracts.

A bit like the old dinasaurs days....a separate issue ...how is it that they are still in the Dow30 along with the other "wounded"...C,F, GM ,AA and DOW to name a few under $10...answer, politics.
 
Quote from rickf:

You have to laugh -- from the CNBC article:

"As recently as January, GE CEO Jeffrey Immelt, told CNBC that he had no plans to cut the dividend."

I mean, anyone believing ANYTHING a troubled CEO is saying these days is a chump.

Disclosure: I remain long GE in a variety of ways (common, prefs, short puts) for a long-term horizon beyond this near-term turbulence.
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Interesting as I am also short puts and long stock covered with non front month OTM calls. Even at 10 cents the yield is great and the PE is also. I dont think the economy turns this year or next but I do see GE as a stock worth having at least some of.
 
Quote from KINGOFSHORTS:

They should cancel the DOW and just keep the S&P 500.
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Basically agree in the sense that S&P 500 is the only "true" barometer of the market.
 
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