guythomas

GE: Jeff Immelt, Please Stop Talking

If this was the only take away from Jeff Immelt's annual report letter mr Sullivan could find I have to wonder why anyone would pay any attention to him at all. The letter pointed out decent 2008 results, a plan to fortify defenses for a bad global 2009 and position the company for the future. GE is a reflection of the world economy and it's present woes. As one reader commented and Mr Immelt himself stated GE has been around along time thru thick and thin and will weather this storm. To the reader who had his total retirement investment in GE, What where you thinking? As a former GE employee who made a fortune in the GE run up in the 90's and than sold it, (Not because GE was failing but I could not see GE going much higher than $150 and wanted to stand aside to see where the out of control stock market would take it, I am still standing aside after 9 years but am about ready to jump back in, again waiting for the market to come to it's senses.