GE has been floating between 45% and 50%. Today is the first time I've seen it above 50%.
https://www.macroaxis.com/invest/ratio/GE--Probability-Of-Bankruptcy
7 replies (most recent on top)
If the credit rating takes another hit, then we are toast. The stock price is a result of the new guy not having a plan, and acting on it. He is just more of the same. The machine is broken, and the culture broke it. The culture is the problem.
@ dy1: We can read the fine print just fine. Of course this may not be the actual percentage, but the point is the trend is getting worse even with numbers and not just hearsay. The fine print is also there to relieve the website of any liability to it's claims, but that doesn't mean it is wrong.
Is it time to go ask Buffett for another 3 billion dollar loan
Cramer called Tusa 'captain Ahab' to GE 'Moby D--k'.
Apparently there are plenty of Ahabs out there. Getting rid of excess capacity will fix Power. It will take 1-2 years and 3-5 Billion including losses and payouts for talented employees who will be let go. There is enough cash to do this.
Culp has one chance to clean house. If he surprises Wall St one more time, he and GE are toast. Lot of stick pressure is due to this doubt about skeletons still hidden in power and Capital.
This misunderstanding/misinformation keeps getting repeating over and over again on this site by people that don't read the fine print on the Microaxis website.
From the Microaxis website:
"Probability of Bankruptcy SHOULD NOT be confused with actual chance of a company to file for chapter 7, 11, 12 or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty to meet its current financial obligations towards its creditors or to deliver on the expectations of its investors. Macroaxis derives these conditions on a daily bases from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns including short term and long term historical volatility. Other factors taken into account include analysis of liquidity, revenues patterns, R&D expenses and commitments, as well as public headlines and social sentiment."
It's well known that GE is having some financial issues. It is not at the Sears stage yet. Don't get your knickers in a twist.
Rustle will never let this happin he is the bom and a leeter and will thro a touchdown to give us the win or else he will chaing the nummers like we alwaze do to make it look bitter.
With bankruptcy, the pension gets turned over to the Pension Garuntee Board and for many of us, we retire with less and have to work somewhere for longer. I have rejected early retirement offer will I see if they can fix it.