<<hoping GE goes lower,,, as it is certainly a buy IMO.>>
No need to hope, as it will happen in due time, after treading much water, then gurgling, then beneath the waves. It always happen this way for the stronger swimmers. The weak ones (CD, VERT, ie) just go straight to the bottom.
GE is certainly a buy, and target price: 20% premium over the sum of its two major parts (finance, manufacturing) when valued at AIG/C and ABB/UTX's future reduced values, and then take 15% off for all the writedowns that will occur when the other Jack steps off the podium, and 10% for the Put premium that got us putted the shares.
AIG/C, ABB/UTX future reduced values will allow them to yield an aggregate 5% dividend.
Chugs, Jay |
