GE

[Vincent S. Ashmore]

Seriously, ten up followed by nine down? I can only HOPE that that cycle keeps repeating

 

[Handle123]

Am buying at 118.07 in MCD today if it gets there. Did couple other day at trendline, going to take another signal.

 

[Vincent S. Ashmore]

General Electric's sell rating reiterated at JPMorgan Chase & Co.. $26.00 PT.

 

[Handle123]

Bot more MCD 118.35 hedged
Still Long QSII, HTP.
Bot more MRNS at 1.45

 

[Albert A. Sanchez]

$GE a new long "IF" 31.57 is broken. Targets 32.08, 33 & 33.9. Bears need to retake 31.08 first

 

[dealmaker]

the first toaster was introduced in 1909 by GE and sold for $25, $400 in today's dollars...

 

[viruscore1]

Did GE find bottom last week just above 20?
General Electric Co. (NYSE: GE) traded up 1.24% at $20.19. The stock’s 52-week range is $19.86 to $32.38. Volume was slightly above the daily average of around 54.4 million shares. The company had no specific news, but investors must have decided that after nine consecutive 52-week lows the time was right for adding shares.

 

[SoesWasBetter]

This AM's buyers over 20 now feel like maybe they should have slept late, pulled the cord on their computers , and gone fishing. Epic fale

 

[ironchef]

GE is in a catch 22, cash flow cannot support capex and dividends, even with a 50% cut. Shrinking the company will only make cash flow worst? Big mistake is getting out of GE Capital at the bottom (BOA, JPM..GS all doing well now) and getting into oil at the top. Welch picked a great successor!

 

[beerntrading]

GE is in a catch 22, cash flow cannot support capex and dividends, even with a 50% cut. Shrinking the company will only make cash flow worst? Big mistake is getting out of GE Capital at the bottom (BOA, JPM..GS all doing well now) and getting into oil at the top. Welch picked a great successor!

Having just picked up shares as a long term play, I'll take the other side of this. They have numerous divisions that individually have good cash flow, and some others without. Those with poor cash flow are still attractive acquisition targets because they offer good turnaround potential. A bloated corporate culture is largely behind its underperforming relative to peers. New CEO is competent with easy-to-cut fat all around. Sale of underperforming divisions will provide cash that could support share buybacks and dividends while good performing divisions generate and grow cash flow. The only question here is if competent leadership (both top and mid levels) is present. I say yes, and it's a buy.

Also, it's retreat from $20 is a short term affair. @ironchef, you know where to look for this