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Analysts, who earlier in the day hailed GE's (GE -3.8%) better-than-expected Q1 revenue, turn...

Analysts, who earlier in the day hailed GE's (GE -3.8%) better-than-expected Q1 revenue, turn negative as Jeff Immelt says GE will try to boost earnings by cutting $1B in costs this year rather than relying primarily on sales growth (conference call). "The level of uncertainty in terms of their ability to meet their goals has risen," says one. Nomura calls the quarter "broadly disappointing."
Comments (11)
  • When, if ever, will the B of D do something?
    19 Apr 2013, 12:48 PM Reply Like
  • I hate GE earning releases as they always are viewed negatively by the analyst resulting in a substantial drop for a good stock and company.
    19 Apr 2013, 01:03 PM Reply Like
  • I'll keep collecting my 3.5% dividend and buy more if it hits my buy target. No reason for sale off for a reasonably priced company with good management.
    19 Apr 2013, 01:30 PM Reply Like
  • GE is a slug.

     

    Plant some lettuce.
    19 Apr 2013, 01:52 PM Reply Like
  • I hope Immelt spins off GE Capital. That would open up a lot of value for shareholders.
    19 Apr 2013, 03:05 PM Reply Like
  • Ref: bgold1955 - I am with you all the way. I will take Jeff Immelt's GE team any day of the week. The fact that GE is doing this well in spite of Europe being flat on its back only bodes well for the day that Europe really comes on!! Recent acquisitions and GE's broader industrial and customer reach will prove great tailwinds in the near future!! If they continue to throw the stock away I will be more than happy to oblige and BUY.
    19 Apr 2013, 03:49 PM Reply Like
  • GE,IBM,Apple down, deflation in full swing. Ben will need to up the ante QE4
    19 Apr 2013, 04:20 PM Reply Like
  • The dividend is a lot more than 3.5% on all my shares I bought at $9.00 /shr. I hope the stock tanks. Then I'll buy some more. Just do the math. If you don't need capital appreciation you and all your children and grandchildren can have a pretty nice living off the dividends. I think GE loves bad news then they can buy back more shares at a lower price. I'll take GE over Apple any day.
    19 Apr 2013, 05:35 PM Reply Like
  • Eventually you become a prisoner of the dividend and tax policy on gains, unable to move and/or re-purpose your own capital without suffering a big hit.
    21 Apr 2013, 09:46 PM Reply Like
  • I appreciate the analysis's stupid comments as it gives me a chance to add 500 shares to the 3500 I already own a good price
    19 Apr 2013, 09:46 PM Reply Like
  • As of 12/31/12 Ge had 414 billion of debt. What are they going to do about that?
    23 Apr 2013, 09:29 PM Reply Like
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