Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Snowshoe who wrote (71181)	3/5/2009 2:14:22 AM
From: Sam	Read Replies (1) of 74559

You own a conglomerate with $797 billion of assets and $525 billion of debt. And the only assets you own are the ones left over after those debtholders get their $525 billion back. The market cap is down to about $70b now. And they have about $50b in cash. And operating businesses that throw off good cash when the economy is decent. I'm shellshocked too. Too much so to buy falling daggers--oversold can obviously get very very oversold in this kind of environment. But unless GE Capital is on the hook for a lot of CDSs that we don't know about, seems like it should be a buy somewhere in here (psychology aside).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next