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10 pts

Opinion on  General Electric Company (GE)     Sector: Conglomerates  >  Industry: Conglomerates
GE - Too much leverage

Oct 20, 2008 12:45 PM GMT
Newsmonkey
Return Risk
-19.36% LOW
Sr. Associate

Fundamental Analysis  

I don't know what I was thinking when I turned and decided it was time to buy GE.  I just figured that with so much money coming into support financials that GE would find the liquidity they need to keep GECC afloat.  So far that just hasn't happened.  Indeed the credit markets are still frozen and even the best companies out there cannot get short term credit.  GE will probably survive ( a month ago I didn't think it would) but it will be a smaller and less profitable GE. 

GE:  This call was made on 10/20/08 @ $20.26
Rating:   Negative   $20.26 (10/20/08)
Gain/Loss:   +20.04% in 412 days
Target:   $10.00 (-50.64%) in Six months


Comments (2)

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Locationh   61%     1 point   commented 412 days ago reply

I hear ya. I added GE around 25 but will add more now under 20. LT GE is a conglomerate and will return the investment.
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Michael Comeau   71%     1 point   commented 411 days ago reply

I tend to agree with you. The company also has another problem in that it is too big and has way too many moving parts to analyze. It makes more sense to identify the parts of GE that are doing well, then buy the stocks of companies in that line of work.

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newsmonkey previously rated GE
Positive -9.19% Recent events have me going the other way
10/14/2008
1
Negative -4.25% Bearish on GE ...
10/09/2008
1
Negative +5.75% Bearish on GE ...
09/25/2008
1





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