User 327255

General Electric: Not Quite a Value Trap, More Like a Value Pit

An awsome comment and direct to the whole truth! GE is not what Immelt and Sherin states it is...because if it was GE Capital would not plan a massive lay offs in January 08, 2009 to save $2B.

To Senior Management at GE Capital...stop thinking about YOU only and think about the sacrifices that your employees made for working 24/7 to get the job done...or let me say to make believe "The Pitches" for your meetings look good in GREEN and not in Red and Yellow. Let's be honest...STOP saying that GE is a AAA company....Sherin at your webcast meetings you statement totals of revenues of $*(**(*(*& NOT INCLUDED SO AND SO...The share holders would be in shock to actually see the correct totals. I hope GE will not turn in a Bernardo Madoff matter.


On Dec 29 03:08 AM constructe wrote:

> Very good well rounded analysis. Thanks. I also agree, GE is not
> healthy at all, but I think everyone knows that besides the ratings
> agencies that have become the morticians of the stock market (They
> only make a n appearance when the patient is dead).
>
> I would propose that everyone in Seeking alpha start a ratings agency
> of our own. After all, we couldn't be worse than the ones in existence
> could we? Rather than AAA and other ratings a ratings agency should
> place a fixed percentage chance of a default. If they were really
> good they should be willing to sell bankruptcy insurance based on
> those odds. That would put skin in the game. And as we learned from
> the mortgage mess, if there is no skin in the game you can't really
> be that trusted can you, especially when you are paid to bias yourself
> in favor of the companies debt you rate.
>
> Please, how long will they assume the public is comprised of all
> absolute fools?
>