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

To: rdkflorida2 who wrote (5161)	11/1/2017 10:11:27 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26807

I'm not a forensic accountant, but usually companies in trouble getting a new CEO write off the kitchen sink and the babies to give the new CEO a clean slate. Perhaps compare GE with MSFT or PFE when they were having troubles? Eventually the sift through the kitchen sinks and net the babies and use those to report profits. I recall I ALMOST gave up on PFE in 2011 when it fell under $20 again while most of my other stocks were doing great since the financial collapse. I got over it and added at $18.90 GE's down about a third from its high... that doesn't happen in a raging bull market without a lot of "problems" and I don't see the problems as similar to $50 UAA (Under Armour) shirts competing with $10 versions at Costco and Walmart.