jayhay

GE: More Bad News to Come?

Except for the "affect" - "effect" english glitch, I agree with alot of Marshall's comments on the GE stock. Jeff has done very little to position the company for today's economy, which alot of stock market analysts are saying. He had promised to get rid of alot of financial and real estate holdings which evidently has not happened. He has miscalculated the 1st qtr earnings which has cost stockholders $5 a share or more. Now he is putting up the appliance division when nobody wants it and if sells will go at a reduced price. I had been told by analyists when Jack leaves and Jeff takes over, get out of GE stock. Unfortunately, I didn't and but I am now a believer. The board needs to make a CEO change and quick before Jeff pulls this once great company down to a nothing corporation.