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First Time in Thirty Years - GE Won't Raise Dividend

Breaking of the consecutive rise of dividends since the 70s makes for one cockroach among a thousands running wild at GE.

Here are some visible roaches that I see:

Roach #1. Stopping the dividend increases that go back to the 70s.
Roach #2. Stopping the share buybacks.
Roach #3. Unforeseen disappoinmenting earnings in Q1.
Roach #4. The marginal/disappointing performance since Q1, with excuses that "we are protecting our AAA rating."
Roach #5. The continuing cataclismic stock price dive in the past few months together with the relentless stock price slide in the past 5 years.
Roach #6. Having to divest of divisions at the bottom of a market to placate analysts, and give the appearance that something productive is taking place.

There is an old adage on Wall Street that states "Once you have seen one roach in the open, there are thousands hiding behind the walls, ceiling, floor, and Board Room."

What can one conclude in seeing all these roaches running around at GE,
The price of GE stock will break $18 before the end of '09.
The CFO will "leave",
The CEO will "leave",
Stockholders will train a new team for another 5 years.

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