Ge In A Mess (ge)

Discussion in 'General Trading Discussion' started by Chartman, Nov 13, 2017.

  1. Chartman

    Chartman Senior Investor

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    GE is in a mess with news the dividend has been slashed by 50% and there are concerns about cashflow. Check the share price graph - price has been walked down for many months now:

    [​IMG]
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I recently bought a little.

    They were poorly managed for many years, bought too many companies at too high prices in too many industries, sold off other assets too cheaply, etc.

    I believe that with new management and with new shareholders such as Nelson Peltz making noise, they just may be able to turn things around somewhat.

    I think that selling off a fair amount of assets and getting down to a more focused, efficient core business will be a major step in the right direction.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    Long term GE looks interesting but I agree JR, they bought too many companies, often paid too high a price and lost their focus. However, surely there must be some gems hidden away in the massive number of business under the GE umbrella? Everyone is talking the company down - at some point the risk/reward ratio will swing back in favour of a buy. I dont think that point is too far away :)
     
  4. Chartman

    Chartman Senior Investor

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    The chart for GE is a mess with no sign of a support level. Free falllllllllllllllllll
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    I would like to do some "sum of ther parts" research into GE as there must be some gems in there?
     

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