CPST1

What Does Warren Buffett See in General Electric?

October 14, 2008 -- Next phase of the financial crisis

...unemployment rate could climb to "north of 9" percent, Gates told more than 1,500 alumni at the school's Centennial Global Business Summit.

........Going forward, Immelt said, GE could become a buyer of later-stage technology companies initially backed by venture capital. "I think there will be a great opportunity to scale up companies," he said.
www.boston.com/busines.../

Underscoring the daunting challenges confronting policy makers, Gates described a phone conversation he had Sunday night with his friend Warren Buffett, the legendary investor who was mentioned by both presidential candidates in last week's debate as a potential choice for treasury secretary in the next administration.

"I said, 'Well, I'm glad it was you and not me,' " Gates recalled, drawing laughter from the business school alums.

What Does Warren Buffett See in General Electric?

The Short Case for General Electric
October 10, 2008

seekingalpha.com/artic...

......However, GE today is one of the most shorted stocks in the marketplace; three-month put options at $17.50 and $15 respectively are highly recommended.