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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (48956)	5/2/2000 12:49:00 PM
From: Benkea	Read Replies (2) \| Respond to of 99985

Haim: "recently the additional "income growth" is stealing money from GE workers pension fund and reporting it as operating income." Actually, accounting rules require they do this.

To: Haim R. Branisteanu who wrote (48956)	5/2/2000 1:24:00 PM
From: jmootx	Read Replies (1) \| Respond to of 99985

Thanks Haim I am a little under the weather and did not have the energy to explain the basis for GE being priced at 4X growth. Despite what some think, I was long GE from 1984 to 1997. Ge was growing then at 8-15%, and its PE was usually in the mid to low teens. Jack Welck is a modern Robber Baron. He took the company from over 100 unit companies to under 20 today. His nickname is Neutron Jack. I was shocked to see him trying to hype his own stock lately with an unprecedented 3 for 1 split and pre-announcing earnings. Is he the angel of modern capitalism where shareholder value will always be king? He made me a lot of money, but I am glad I sold on his watch, rather than him dumping his billions on the market on my kids watch. Like we should trust a guy with the nickname Neutron Jack. Wake up people, this will end as badly as junk bonds, with Neutron Jacks taking your retirement to the bank. jmootx