GE shares stumble to worst week since financial crisis

learner88 · Jan 19, 2018

https://www.reuters.com/article/us-...rst-week-since-financial-crisis-idUSKBN1F82BG

NEW YORK (Reuters) - General Electric (GE.N) shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

SoesWasBetter · Jan 19, 2018

I called this poop months ago

Metamega · Jan 20, 2018

SoesWasBetter said:
I called this poop months ago

Did you trade it?

viruscore1 · Jan 20, 2018

I can never call bottom but is it time to sell otm puts to accumulate ?

just21 · Jan 20, 2018

lylec305 said:
I can never call bottom but is it time to sell otm puts to accumulate ?

Berkshire Hathaway probably doing the same.

maximumpossiblesuffering · Jan 20, 2018

Anyone think GE may be a potential “Dogs of the Dow” play?

viruscore1 · Jan 20, 2018

maximumpossiblesuffering said:
Anyone think GE may be a potential “Dogs of the Dow” play?

Everything else is over bought and top heavy. IMHO GE maybe the turnaround story for 2018.

beerntrading · Jan 20, 2018

I've been long on this since the cut their dividend (actually, shorting puts, and long LEAP calls). Got my cost basis near $17. It's a long term investment play, but to good of a value to pass up.

just21 said:
Berkshire Hathaway probably doing the same.

Oh, what I would give for a Buffett bump!

maximumpossiblesuffering said:
Anyone think GE may be a potential “Dogs of the Dow” play?

I personally love a distressed dividend stock with adequate cash flow to cover it's dividend for the foreseeable future. Given how low the bar has been set buy former management, we're talking about mediocre competence being all that's needed to turn this around. This would have been my biggest play going into 2018, but for SQ's growth.

viruscore1 · Jan 20, 2018

If GE can liquidate it's losers and focus on it's strengths, this will be the biggest turnaround in history. Not a fan of the fools but ...
https://www.fool.com/investing/2017/08/27/where-will-general-electric-be-in-10-years.aspx

Peter8519 · Jan 20, 2018

Sometimes leadership transition is important. Jack to Jeff and Jeff to John. Current course is not feasible and sometimes making changes is more dangerous. Judging from the CEO transition, it has a deep rooted management culture. Change is hard.