https://investorplace.com/2020/05/its-time-to-pull-the-plug-on-general-electric/
9 replies (most recent on top)
I can not wait for my pink slip and $1100 unemployment until January 2021and my $3400 stimulus check. GE and this crack pot lack of back bone union is most likely a bad memory in the very near future! The plant manager is here to trim the fat when the timing is right.
I want to be a Johnstown chubber
I am not worried. The stock will go back up. Way up! How do I know? Well,our CEO gave up his multi-million dollar salary for the year and duped his other cronies into giving up a hefty sum of their salaries, too.He will layoff personnel in numbers never seen before. It was 78000 last year and tens of thousands more this year. It will not stop. Next year it will continue. The savings from ruining working people's livelihood and management working at a reduced wage will be astronomical. Investors will dump their whole portfolio into our stock. No pain, No gain! Remember this post. Next year I will be rich! Bwahahahaha!
I'm heading over to Barb's snack shack if you want anything. A soda or some chips or somthin
GE employees have bought massive amounts of company stock shares through 401k accounts over their years of employment. Many have lost tens, if not hundreds, of thousands of dollars in the last two or three years. The one cent quarterly dividend is not helping either. They are hoping the stock will recover to at least $20 -$25 a share to recoup most, if not all, of their losses. I am sure these employee shareholders feel they do not really have the option of selling right now.
Organic growth is stagnant now. Retracting if anything. Debt problems remain. Cash flow? Slow to nil.
I believe that $20 - $25 a share is a long ways away. If ever.
It's too bad GE isn't doing well. I'm still doing great working for them. Maybe they should have gotten promises and guarantees like my Union got for me. I'm still expecting all raises to be on time, to keep having a job to come to, and to have my pension waiting for me when I retire many years from now. That's what the Union told me and I believed everything they told me was in my best interest. I'm worry free! This is supposed to be bad for other people, not Union members like me.
"it is disposing valuable income-producing assets to make a dent on that debt."
Exactly. With Aviation on the ropes and not expected to recover for 2 - 5 years, Power surely won't carry the company. They have issues of their own. Look at the past and present reports.
Air travel and engine orders will have to improve quickly. I don't see a surge in gas turbine orders any time soon in the Power sector. Debt could, and probably will, keep the company down for years to come.
"it is disposing valuable income-producing assets to make a dent on that debt."
Exactly. With Aviation on the ropes and not expected to recover for 2 - 5 years, Power surely won't carry the company. They have issues of their own. Look at the past and present reports.
Air travel and engine orders will have to improve quickly. I don't see a surge in gas turbine orders any time soon in the Power sector. Debt could, and probably will, keep the company down for years to come.
The most valuable commodity I know of is information.
It's a dog with fleas.