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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Roads End who wrote (375325)10/1/2008 2:51:48 PM
From: Cynic 2005  Read Replies (2) of 436258
 
Even with bailout in the wings, Buffet taking a stake in GE "good news," so far they are unable to engineer a jam-job!

If GE has to raise 15 billion to thwart credit problems, and faced some hurdles in doing so, how many more companies will even make it through this crisis?

Also, did anybody catch Buffet saying “we are in terrible, terrible, terrible” crisis?

Even for GE, $15B in an public/private offering at this juncture is a big deal. They also failed to increase their dividend. The stock had a short bounce but was a few points in the past week or so from decade lows. This offering is relatively small in terms of share price dilution, but what does it say that they need to be doing this? They probably foresee their future cash flow being impaired.

Bottomline: I see this deal as good for GE and bad for market.
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