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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
From 13$/share to 100$/share.
Desperation move to remain relevant.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Feb 2003
Posts: 10,369
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2003
Posts: 10,369 |
Mature company with no earnings.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway The man who makes no mistakes does not usually make anything.-- Edward John Phelps
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Mature company with no earnings. Truth. The covid really hurt their jet engine division and Immelt was a idiot. The new CEO is shedding load and dogs and is trying to focus on core businesses.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
With ’sar-chasm’ ,,,,,I’d have to say that, from the reverse split, GE’s earnings per share will look a hell of a lot better .
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Apr 2017
Posts: 528
Campfire Regular
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Campfire Regular
Joined: Apr 2017
Posts: 528 |
GE is a perfect example of why I pretty much refuse to buy single company stocks. At one time GE was the do no wrong golden child and the must-have for investors, now it's the complete opposite.
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Joined: Jan 2010
Posts: 23,537
Campfire Ranger
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Campfire Ranger
Joined: Jan 2010
Posts: 23,537 |
Working for a competitor of GE, we are facing globally similar challenges.
I can't speak to their more industrial divisions but they've really dropped the ball on quality in regards to their consumer divisions.
They used to have a policy to be no worse than #2 in the marketplace of whatever they were involved in. Somewhere that mindset left.
Another issue is here locally, they have zero employee loyalty. Constantly laying off, hiring, laying off, hiring.....
I sold my GE stock in 2010.
Last edited by KFWA; 08/02/21.
have you paid your dues, can you moan the blues, can you bend them guitar strings
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Working for a competitor of GE, we are facing globally similar challenges.
I can't speak to their more industrial divisions but they've really dropped the ball on quality in regards to their consumer divisions.
They used to have a policy to be no worse that #2 in the marketplace of whatever they were involved in. Somewhere that mindset left.
Another issue is here locally, they have zero employee loyalty. Constantly laying off, hiring, laying off, hiring.....
I sold my GE stock in 2010. Jack Welch was a hard act to follow.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Jun 2001
Posts: 32,082
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jun 2001
Posts: 32,082 |
Working for a competitor of GE, we are facing globally similar challenges.
I can't speak to their more industrial divisions but they've really dropped the ball on quality in regards to their consumer divisions.
They used to have a policy to be no worse that #2 in the marketplace of whatever they were involved in. Somewhere that mindset left.
Another issue is here locally, they have zero employee loyalty. Constantly laying off, hiring, laying off, hiring.....
I sold my GE stock in 2010. Jack Welch was a hard act to follow. It ain't the job they do, it's the salary, perks, and bonuses they drag down. Fook the employees and customers. We won't buy GE products anymore and haven't in over a decade.
The only true cost of having a dog is its death.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Working for a competitor of GE, we are facing globally similar challenges.
I can't speak to their more industrial divisions but they've really dropped the ball on quality in regards to their consumer divisions.
They used to have a policy to be no worse that #2 in the marketplace of whatever they were involved in. Somewhere that mindset left.
Another issue is here locally, they have zero employee loyalty. Constantly laying off, hiring, laying off, hiring.....
I sold my GE stock in 2010. Jack Welch was a hard act to follow. It ain't the job they do, it's the salary, perks, and bonuses they drag down. Fook the employees and customers. We won't buy GE products anymore and haven't in over a decade. The public consumer products mostly come from China same as other big producers. Back in the 90s GE ran a ‘what if scenario ‘ of what it would mean to their bottom line selling only one light bulb to every Chinese household. That number was boggling. They went on to exponentiate what a dormitory sized refrigerator would mean. If you’re gonna dream, dream big. And that’s all it amounted to.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Sep 2011
Posts: 60,797
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 60,797 |
I remember, Ronald Regan,and," Progress is our most important product."
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
I remember, Ronald Regan,and," Progress is our most important product." Wabi, now we’ve got reversed progress.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Sep 2011
Posts: 60,797
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 60,797 |
I also member sending sending cash bills to the head office at Schenectady New York for some wire. They returned the cash, and recommend a dealer in Omaha.
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
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Joined: Nov 2007
Posts: 1,015
Campfire Regular
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Campfire Regular
Joined: Nov 2007
Posts: 1,015 |
Working for a competitor of GE, we are facing globally similar challenges.
I can't speak to their more industrial divisions but they've really dropped the ball on quality in regards to their consumer divisions.
They used to have a policy to be no worse that #2 in the marketplace of whatever they were involved in. Somewhere that mindset left.
Another issue is here locally, they have zero employee loyalty. Constantly laying off, hiring, laying off, hiring.....
I sold my GE stock in 2010. Jack Welch was a hard act to follow. Welch started most of the problems by turning GE from an industrial company into mostly a bank and insurance company. Selling long term care policies was an easy way to juice the bottom line if you needed to a little help to hit your quarterly numbers. The long term care business has been a financial disaster for the company. Two Jet Jeff Immelt didn't help matters any and had the worst instincts I ever seen in a CEO. I think the current CEO is doing the right things but you don't turn a ship that size very fast. I worked for GE for 5 years and the executive group think and absolute focus on quarterly financial numbers was incredible.
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Joined: Dec 2001
Posts: 3,864
Campfire Tracker
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Campfire Tracker
Joined: Dec 2001
Posts: 3,864 |
Welch was the king of Ponzi scheme and Sarbanes-Oxley made sure it did not continue. Stock price at all cost was the battle cry and all other CEO's followed.
Good Shooting!
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Joined: Aug 2007
Posts: 115,424
Campfire Sage
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Campfire Sage
Joined: Aug 2007
Posts: 115,424 |
Sometimes I wonder if shutting production down for 18 months might have been a bad idea.
Trump being classless,tasteless and clueless as usual. Sorry, trump is a no tax payin pile of shiit. My young wife decided to play the field and had moved several dudes into my house
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Joined: Feb 2007
Posts: 11,768
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,768 |
Bought a new GE chest freezer Monday. It’s still running. Fingers crossed.
NRA Patron
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