Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 191.44

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9:30 AM EST

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To: the traveler who wrote (5192)	11/11/2017 10:57:22 AM
From: Kirk ©	Read Replies (2) of 26834

My thought for GE Friday was $19.50 may have whiffed and $19.75 would have been better. I haven't heard ANYONE mention that GE said free cash flow is at a low of about $7B now and is expected to recover. They could easily announce they keep the dividend or cut it just a little until the cash flow recovers and the stock would look like a rocket and we'd all be upset we whiffed at snagging a few shares under $20. If I was at GE and could see a path to recover cash flow, I'd consider putting treasury shares into the pension fund so any recovery would help that deficit. It really reminds me of how "everyone" hated MSFT and PFE when I was adding just before they exploded to the upside to the new highs they are at now. There was also similar fear for IBM back in 1994 when I doubled down my holdings at $11/share.... Of course, it could be another Worldcom or Enron and keep going down, but I just don't see it as they make real products people want. Finally, the price of oil has really surged... that could make some of their poorly timed energy buys look and perform better. Looks like I need to update the dividend and BE for the latest dividend.

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