trw88

GE: Can You Hit This Fastball, Mr. Immelt?

Buffet got a 10% dividend (that wont be cut) meaning huge cash flow that he can use to buy whatever he wants cheaper and he makes his money back after 7.2years. So let's say he holds the stock for 7 and a quarter years - his profit is whatever the price of the stock is then. Sweet deal, he cant lose on these.

He also has warrants to buy for 5 years around $22, if I remember correctly.

GE: Can You Hit This Fastball, Mr. Immelt?

Immelt missed his earnings last year 3 weeks afte saying he would make them. He is goingto havre to cut the dividend and has pretty much said he was going to just a few months after saying he wouldnt. Immelt maybe a bright guy, but he sure doesnt seem to have a hnadle on running his business. As a long time shareholder who is taking this beating, I see nothing he can do to turn it around right now and i dont see him being able to do anything for 3 or 4 years, at least. He cant sell off assets in this environment, they arent worth anyting..