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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (4998)9/25/2017 1:04:24 PM
From: robert b furman1 Recommendation

Recommended By
Fintas

  Read Replies (2) | Respond to of 26443
 
Hi Kirk,

Never owned GE and do not follow it - other than reading posts here.

My take on selling off the corporate jets and then selling the General electrics unit are good moves made by the new CEO.

GE makes a lot of low margin electrical appliances that provide low margin competition from China / eastern countries.

I think the new guy got what he could for it and did not have emotional ties to a legacy division.

If your plan is to cut out extravagent expenses and down size where you are #1 in higher margin products - you'll be in less debt and bottom line more money.

I'd say the new CEO gets 2 kudos from me!

Bob



To: Kirk © who wrote (4998)9/25/2017 1:34:21 PM
From: rdkflorida2  Respond to of 26443
 
Cannot disagree with anything in that post. Just saying: If GE is going to $40 plus in the future, then I can wait a bit longer. If I have to buy at a buck higher, so be it. Selling assets to pay dividends is not a good thing, IMHO. GLTA. RDK


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