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taplinger

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  • General Electric: The Good, The Bad And The Ugly Truth [View article]
    Is there anything more aggravating than the good old boy (or girl) network to people that actually have to work for a living? We all get up every morning and go to work and do the best job we can and if we screw up we get nailed. If Andrea Jung screws up she winds up on the GE board. Have you ever seen what the perks are to being on the board of a large U.S. corporation? Those perks are a direct expense to the stockholders. And for what? So Ms. Jung can bring the same vision, wisdom, business acumen, and leadership to GE that she brought to Avon? There should not be two sets of rules. Who nominated and elected her to the board? Immelt should have his pants pulled down and be spanked at the annual meeting.
    Jun 4 07:47 PM | 1 Like Like |Link to Comment
  • General Electric: The Good, The Bad And The Ugly Truth [View article]
    Bourbeau, I too question this "excellent management team." Excellence can have many metrics; a company could have excellent products, or customer service, or employee loyalty, or profits, or margins, etc. However, from an investor's standpoint, I can't find a better way to measure excellence than by share price and dividend because that's where the rubber meets the road.

    It's amusing to me that there's a million investors out there with half a million excuses for GE's share price, always expecting a bucket of gold at the end of the rainbow. Now the DOW is at record highs with GE at a fraction of its record high. It's going to be a tough job to catch up before this bull market ends, and then GE's climb back up will be even harder.
    Jun 1 11:42 AM | 6 Likes Like |Link to Comment
  • General Electric: Is A New CEO On The Way? [View article]
    Doc, Welch got a monthly wine allowance as part of his severance package. Did you see what it is? And the stockholders will keep paying it for the rest of his life! For a $60 dollar stock selling for $26!
    Apr 19 09:27 AM | 2 Likes Like |Link to Comment
  • General Electric: Is A New CEO On The Way? [View article]
    Couldn't have said it better, Indio. Everyone thought Welch was a genius while he set the stage for disaster. Have you seen the terms of his pension? Worse yet, it comes out of stockholders' pockets.
    Apr 16 08:33 AM | 4 Likes Like |Link to Comment
  • GE Earnings Preview: Less Undervalued, But Still Caught Between A Rock And A Rock [View article]
    Agreed. Thanks for the response.
    Apr 16 08:23 AM | Likes Like |Link to Comment
  • GE Earnings Preview: Less Undervalued, But Still Caught Between A Rock And A Rock [View article]
    Happy for anyone who's satisfied with dividends while other investments post record 52-week-highs and record all-time-highs. This is not a criticism and not sarcasm; it's a reality: there will always, always be investors who say I believe in GE because it's GE.
    Apr 15 11:03 PM | Likes Like |Link to Comment
  • General Electric: Is A New CEO On The Way? [View article]
    Don't know about insane, UTX reached 80 in the mid-2000s while GE hit 60 in the early 2000s. Are you saying UTX valuation is insane? It's almost at 120 now.
    Apr 15 10:57 PM | 1 Like Like |Link to Comment
  • GE rethinks 20-year CEO concept [View news story]
    Don't know how mediocre our president is, DOW 7,600 to record highs under his watch? Bush record highs to 7,600? How do you define mediocrity? I will never in my lifetime figure out why the financial community votes Republican when Democratic presidents consistently outperform them. Maybe reality doesn't fit in to your thinking.
    Apr 15 10:30 PM | 2 Likes Like |Link to Comment
  • General Electric: Is A New CEO On The Way? [View article]
    Unfortunately for you, Ed, and for Immelt and all the Immelt fans, some people judge CEOs on their ability to move stock price upwards. Maybe I belong on another planet, but isn't that what investing is all about?
    Apr 15 10:00 PM | 4 Likes Like |Link to Comment
  • General Electric: Is A New CEO On The Way? [View article]
    I would respectfully disagree. A really talented CEO could remain as long as he were able. Let us respect age and experience. Let's not confuse the management skills of business with the management skills of government. Business cannot be run like the government, and government cannot be run like a business because the two have very different goals. Business exists to provide a service or product at a profit; government exists to provide services at the lowest possible cost. A CEO answers to his Board; a president answers to the Congress and the people. That's a big difference, in my opinion.
    Apr 15 09:57 PM | 2 Likes Like |Link to Comment
  • General Electric: Is A New CEO On The Way? [View article]
    Wish everyone could be as smart as you. When a ship gets too big, it's hard to steer. GM went bankrupt. A really, really good CEO could have managed, but Immelt's only talent was to keep heading towards the iceberg.
    Apr 15 09:46 PM | 2 Likes Like |Link to Comment
  • General Electric: Is A New CEO On The Way? [View article]
    Not sure what you mean. Not sure why you got a "like." Stock price 4X what it was in 2009 doesn't seem bad. If Immelt had done that GE would be sitting at 40, well less than in it's price in 2000 but still better than now. HD is now 15% higher than it was in 2000. What criteria do you judge CEOs by?
    Apr 15 09:41 PM | Likes Like |Link to Comment
  • GE Earnings Preview: Less Undervalued, But Still Caught Between A Rock And A Rock [View article]
    I absolutely agree with Mr. Gilmartin that GE has needed to reinvent itself for many years. Even their logo is as old and tired as their thinking. Their biggest problem has been and remains that Jeff plays it safe and the stock remains safely in the mid-20s as a result. Jeff seems incapable of innovation and knows one thing for certain: he has an enormous income. Change involves risk. Reinventing GE could make him a hero and his stockholders rich, or fail and get himself fired. So don't hold your breath waiting for him to rock the boat. It's up to the Board and stockholders. It's happened to other corporations. It'll never happen to GE until the next recession sees the stock slide down to the upper teens. Maybe not even then.
    Apr 15 05:06 PM | Likes Like |Link to Comment
  • Value Hidden In Plain Sight: Chevron [View article]
    I've always wondered about analysts' price expectations, and since you've quoted them, I would like to ask, how often are they right as a group and individually? Since you quoted them, I assume you think they're valid, but my experience is that they have a herd mentality, they all recommend a stock until the company has a setback or the market tanks, and then they all lower their rating, which drives the stock lower. How much skill does it take to lower your rating when a company misses and lowers guidance? In other words, if we can rely on analysts' price expectations, wouldn't be all be rich? And clearly, we're not.
    Mar 19 12:15 PM | Likes Like |Link to Comment
  • Follow Immelt Into GE [View article]
    To Immelt, the money he spent on those shares is like the change you or I find behind the couch cushions. He bought him some good PR so more people will buy a stock at $25 that was $60 before his expertise came to bear. Yes I know I'm looking at Immelt's performance through a rear-view mirror and that's a valid criticism. However it's a little difficult to be optimistic when the guy that left destruction behind is also building the road ahead. You can blame it on Walsh if you want but he was a long long time ago.
    Mar 5 08:37 PM | 1 Like Like |Link to Comment
COMMENTS STATS
199 Comments
125 Likes