Wow GE approaching junkbond yields and pe under 13

[KINGOFSHORTS]

GE also serves as a hedge against a weaker dollar. Our exports become cheaper and GE has lots of foreign exposure.

I spent weeks going through GE before I began to take a long term position. They have been doing lots of buisness in the middle east/africa for some time and I had a suspicion that someone with big wallets thanks to US oil consumption was gonna take a stake in GE.

The next 10 years will reward long term holders of GE. They have positioned themselves well to do trade in emerging infrastructure/green initiatives and GECS is an important part of the equation, it gives them access to capital even in a tough financial environment.

 

[KINGOFSHORTS]

Credit Suisse just posted up an equity analysis stating the obvious. Love how analysts get on the bandwagon after the fact.

 

[Clubber Lang]

Quote from Port1385:

If I gave this chart to some uninformed 3rd graders, where do you think they will tell me the bottom is...I did just that and they told me not to buy until it gets under 20. Im going to listen to these wise words from folks who are probably vastly more intelligent then most people on this board.

Considering your horrific track record of calls on this site, GE bulls should be very happy with their position.

 

[staffpro]

Quote from KINGOFSHORTS:

GE will pop up like an early morning boner.

excellent analogy

 

[KINGOFSHORTS]

heh, look at the chart today. Looks like a boner.

 

[KINGOFSHORTS]

Looks like the Arabs began the barrage today. Like launching buy cruise missiles. They are heavyhanded, no finesse no trying to be slick.