In early January, each holder of GE common stock will be distributed one share of GE HealthCare for every three shares of common stock owned as of December 16, 2022 and it will be listed on NASDAQ. Don’t really know if this is a good thing or not.
6 replies (most recent on top)
Doesn’t look like investors are very impressed…
Splitting up GE is d-mb
More insiders meaning us are selling rather than buying. That says it all. Even at 100 dollars a share, if it should go that high, most have to divide by 8 and reality comes apparent for long time shareholders. Only people who will make $ are holders of newly acquired shares if stock goes up, for most with no dividend and uncertainty a CD brings better and safer returns.
Trying to understand if you work for this company why you would be foolish enough to own shares in it. Slashing the dividend to a penny and the reverse split are red flags enough for me to invest elsewhere. The spin isn't going to solve squat - no magic fairy dust here.
This is just another way for GE to sc--w us again. They take the power of compounding shares away from us. We should get 1 share for 1 share. Just look at the recent reverse split. That screwed us
All depends what opening dollar value will be. Also one must remember no free lunch, your GE shares will change in value for spin off.