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Non-Tech : Kirk's Market Thoughts
COHR 191.28-0.3%Dec 24 12:59 PM EST
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To: the traveler who wrote (5192)11/11/2017 10:00:15 AM
From: robert b furman1 Recommendation

Recommended By
the traveler

   of 26838
 
Hi traveler,

These last several years I've been trying to build a dividend portfolio for my long term retirement.

I've had two crash and burns: KMI and TIS.

Both paid big dividends and when a cut or a suspension happens - you don't want to have that experience.

Retirees like me buy a stock for the dividend - when it gets cut or even not improved - they sell in masses first and think later. It kills the stock"s price for several years!

If you have an inkling GE will cut its dividend as part of a turn around story - I'd kill that GTC.

If they announce a suspension or reduction - your opportunity to buy GE will come immediately.

Actually if that happens I'd let the decline take its fullest in time and sell some far out puts at say 12.50 or even 10.

It'll make you way more money than the reduced dividend and you can keep your money.

That's my plan for GE.

Let's face it Immelt was playing global politics more than he was making GE lean and mean.

Time for a turnaround is here - the board gave Immelt the boot - that was a good start for a troubled blue chip.

Smacks more of a GM kind a thing to me. GM went BK and Wagonner got the boot!

Bob
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