Wow GE approaching junkbond yields and pe under 13

[KINGOFSHORTS]

GE popped up like a morning boner, remember what I said. Get in while the getting in is good. Friday expect higher pricepoints.


MY prior pricepoint was a bit conservative for the 11th. I said 28-28.5 I will raise my target price to 29-29.25 per share Friday after earnings report.

I do not expect any surprises. I suspect NBC side of the house will post some good numbers, I also like what I see with vetgo grey, GE is poised to do well in China by using NBC as a way to get additional business in China and the Olympics are around the corner as well.

I am confident that GECS will provide within guidance.

I predict a dividend payout increase of 4-5% for 2009 which puts it in range of a bearish market dividend increase for General Electric.

 

[ByLoSellHi]

Whatever you do, don't discount the potential negative impact of GE's financing operations.

They're all over the board.

 

[KINGOFSHORTS]

 

[nkhoi]

http://www.smartmoney.com/breaking-news/smw/index.cfm?story=20080709094831

"Steve & Barry's main lender is the commercial-lending unit of General Electric Co. It provided the company with a roughly $200 million credit facility in March. GE is expected to be made whole in any reorganization, though TA Associates, a private-equity firm that invested $320 million in 2006 faces far worse recovery prospects."

 

[Brandonf]

Quote from KINGOFSHORTS:


When this bear market ends, GE will pop up like an early morning boner.

Like it did when the last bear market ended and we went into a bull market from 2003 on?

 

[Robert Weinstein]

Quote from robbie380:

how long have you been owning it?

I bout it at 28.32 and wrote calls against it for downside protection. ave cost of 26.95ish

 

[KINGOFSHORTS]

Quote from 1Reason:

I bout it at 28.32 and wrote calls against it for downside protection. ave cost of 26.95ish

Don't know about you but mid 26's fat yield and now GE reports within guidance, stock trading premarket in 28 range sounds like a good morning boner to me.

An fat dividends.

Better that those fools catching falling knives (LEH,WM,TMA,etc..)

I will stick to my long on GE and short the rest.

 

[KINGOFSHORTS]

Well if you got in cheap lastweek on the GE bearprotection bus, you can break out a bottle of the good stuff and watch the market fireworks.

 

[KINGOFSHORTS]

Well I hope you guys been loading up on GE cheap. cause today is some good news.

 

[Thermactor]

Quote from KINGOFSHORTS:

Well if you got in cheap lastweek on the GE bearprotection bus, you can break out a bottle of the good stuff and watch the market fireworks.

Considering the breadth of GE's non-move (2 percent, lol)
here's what you will be able to consider 'the good stuff'