greeytop

Blood in the Streets: Buy and Hold GE, For Now

I am a little puzzled about Dr. Lepoff's comment about the price movement of GE stock. My recollection is that we bought GE about ten years ago when it was about $22.00. It has been up to the low $40's before the recent swoon. The comment about the divy not offsetting inflation is well taken. I have been looking at GE to decide what to do. It seems clear that GE is really two companies: One is industrial ( and cutting edge at that), the other is a financial services company. Which aspect will prosper in the future? Another concern I have is this: I know an individual who was an IT trouble shooter for a GE subsidiary. This person left GE because the system they were working on had many bugs. The prevailing philosophy by management at this subsidiary, according to this worker, was "lets sell the system and we'll work out the problems after the system was installed". I don't know about other folks, but this management attitude is what helped damn near kill U.S. auto manufacturers. If this is true about GE management, I plan to cash out and go elsewhere.