GregT

GE Finally Joins Victims of Financial Crisis

While I like the Buffet investment in GE. I wonder if this is the end of the road for GE disappointments. They have been disappointing investors all year. And the communication has been TERRIBLE. Here is the scene. The stock starts going down, GE says things couldn't be better and there are no problems. A week or so later, GE issues reduced guidance, holds their div for the first time in 30 years while claiming that things are still great and they will keep their AAA rating. Of and they have absolutely no commercial paper problems. Then a few days later they annouce the Buffet deal and a stock dilution.

In my book, this is a company that is just short of dishonest and doing the spin doctor thing. Time for a new CEO.