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Greenlantern
| | Posted on Friday, March 06, 2009 - 08:24 am: | 
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You've "lost" nothing until you sell. I moved 75% of mine before this shit hit but I cry looking at it everyday . . . trick now is patience . . . at least in my book.
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Sayitaintso
| | Posted on Friday, March 06, 2009 - 08:41 am: |
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Hey guys...sorry about the GM thing, I guess I was reading it and thinking about whats been in the news lately not what was actually written.
As for GE, I've heard nothing but good things about GE lately and their stock being undervalued due to the overall sell off of equities.
But regardless of all the goods things being said, putting everything in one place is dangerous. Sorta like always swinging for the fence in baseball, you'll hit more homeruns but strike out more too. You've only got one shot at earning and saving enough for retirement, a little conservatism is a good thing. |
Slaughter
| | Posted on Friday, March 06, 2009 - 08:42 am: |
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Bought my last house from GE Capital. They had re-possessed the whole tract from the developer who had defaulted. It was termed a "friendly foreclosure" Before that, I didn't know how spread-out GE was in terms of what they were actually INTO.
That was 15 years and an ex-wife ago. (not blaming GE Capital for the ex) |
Paw
| | Posted on Friday, March 06, 2009 - 09:15 am: |
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WHY AM I PIMPING GE's STOCK?
Look at my previous post and you will see GE has $795 billion in assets, $176 billion in revenue and a average profit of $20 billion...I will say it one more time if you guys think GE is sinking and will not rebound then you can say the same for Toyota, Walmart, Exxon Mobile and all the rest of the big "WORLD FORTUNE 500 COMPANIES". The day GE seeks protection by chapter 11 means the world is out of money. GE damn near has a trillion dollars in assets. Not to many companies can say that.
Someone also said since they laid off 1000 employees in the medical division that is a sign they are sinking wrong...1000 of GE employees equals .0031 percent of it work force. That is point 0031, That is like a microscopic amount as compared to the total work force.
The plant I work in the last year and a half just hire close to 400 people...there are 129 people who are 60 years or older and GE is offering them a $60,000 bonus to retire. That equals close to $8 million not to mention all the money they will payout to them in pensions, benefits and a suppliments untill 63 years of age when S.S. kicks in...There is also over 400 people 55 to 59 year of age they are looking to offer early retirement to...They are looking to hire more for the Schenectady plant in the future also...Does that sound like a company that is in trouble? the Schenectady plant is GE energy's biggest and most profitable plant in the division.
So all these little things going on with a few thousand layoffs don't mean squat...The only thing that sucks is those people got laid off and I'm sorry to hear it.
Just remember a company with the assets GE has (Almost a trillion $'s) most likely will not have to worry about the sorry down turn GM is in and once again that is because they have only a few products in there portfolio and when the 2 biggest fall off sure they will be in trouble.
The biggest reason the stock is dropping is the financial problems in mortgages...people see how much GE has and they are running scared but if you read GE is getting out of that business and when the stock starts going back up everyone will be kicking their butts for selling and not buying.
And as for Buffet not investing and someone said it is a loan is wrong... Actually it is stock he purchased if he was to get out and ask for his money back he would get the current rate...The only bonus GE gave him is a minimum 10% return on his money no matter what happens. Everyone else is get a little less than 2% currently.
You would have to be foolish not to buy in to it at the current price.
And I do not have everything in GE stock I just started buy more of it and less of the others. I have 3 other investments that are safe and have been retuning money to me not much right now but they are earning.
(Message edited by paw on March 06, 2009) |
Paw
| | Posted on Friday, March 06, 2009 - 09:34 am: |
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From buellinator: Hold on to your money and don't be in a hurry to invest in anything.
Now is the time to wait.
I agree if your within 10 year of retirement i'm 38 and have 25 years to go. Most financial advisors tell you to be aggressive when your young with your 401K. It will rebound and come back and hopefully with some luck it will split. |
Sayitaintso
| | Posted on Friday, March 06, 2009 - 10:18 am: |
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"And as for Buffet not investing and someone said it is a loan is wrong... Actually it is stock he purchased if he was to get out and ask for his money back he would get the current rate...The only bonus GE gave him is a minimum 10% return on his money no matter what happens. Everyone else is get a little less than 2% currently."
Damn, I'd love to have a 10% min ROI. Moves like that show why Buffet is richer than probably something like 90% of the US population...... combined. |
Paw
| | Posted on Friday, March 06, 2009 - 10:31 am: |
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Did a search on Buffet and GE and found this.
This Is Why Buffett's Buying Stocks
By Morgan Housel
March 4, 2009 | Comments (9)
Recs
28
You think you've had a bad year? Poor Warren Buffett has seen more than $25 billion evaporate from his net worth as shares of his company tanked in recent months.
Adding insult to injury, he's been criticized for the awful performance of investments in Goldman Sachs and General Electric. In addition to preferred shares that pay 10% dividends, he got warrants for common shares at what seemed like great prices -- prices that are waaayy higher than where the stocks are currently trading.
In response to the market panic, Buffett penned an op-ed in The New York Times last fall saying he was buying U.S. stocks for his personal portfolio. Since then, stocks have been in freefall the economy has fallen off a cliff.
This raises the question: Has the Oracle of Omaha lost his touch?
Seriously?
Simon Maierhofer thinks so. In fact, he took issue with Buffett's claim that stocks will outperform cash in the coming years:
How did [Buffett's] "cash is trash" philosophy fare over the past 10 years? $10,000 invested in the S&P 500 exactly 10 years ago would be worth $7,500 today. The safest cash equivalent, [Treasury bills] ... would have returned about 30%, putting you at $13,000. We don't encourage investing by looking in the rear view mirror but a look at the numbers shows that the only bull market right now is in cash.
Let's leave aside for a moment the question of inflation, which ensures that the $10,000 of 10 years ago is not, in fact, the equivalent of $10,000 today. What does the market's performance over the past 10 years suggest for the future?
Up, up, and away
Any 10-year retrospective has to contend with the fact that 1998 was smack in the middle of the dot-com boom, when tech companies like Intel (Nasdaq: INTC) and Dell (Nasdaq: DELL) -- and even notoriously bland companies like Citigroup (NYSE: C) and Pfizer (NYSE: PFE) -- traded like perpetual sunshine was carved in stone. Since then we've seen not one, but two bubbles burst. The fact that trailing 10-year returns are pretty bad is hardly news.
But if we look at 10-year returns for the Dow Jones Industrial Average over the past 100 years, a pattern emerges:
10-Year
Period
Dow Jones Industrial
Average Return
1998-2008
(9%)
1988-1998
331%
1978-1988
165%
1968-1978
(19%)
1958-1968
77%
1948-1958
226%
1938-1948
14%
1928-1938
(49%)
1918-1928
254%
1908-1918
60%
After booms come busts, after busts come booms. That's how markets work. If we had chosen a different frame (i.e., ending in 2006 instead of 2008), the numbers would likely be different, but the overall pattern would be the same. Markets go up, markets go down. Usually right after each other.
so according to this scale the next 20 YEARS SHOULD BE BOOMS...The market always come back around and GE stock will too. Enough said!!! |
Rfischer
| | Posted on Friday, March 06, 2009 - 10:42 am: |
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hate t'break it to you, but preferred stock, as done by Buffet, is a "loan". And, no, YOU won't get 10% because you are not Warren Buffet and you don't have Billion$$ to loan GE, or Harley, or any of the other deals he's done.
BTW, this is exactly the deal our Fearless Leaders in DC have been doing with their various and sundry bail-outs. The only difference is our Merry Band of Idiots are leaving money [YOUR money] on the table by agreeing to 6-8% dividends on the preferred shares they are "buying". Worse, in the case of BofA, they have just agreed to convert a sizable chunk of the preferreds to commons share equity, thereby giving up the dividend income YOU would otherwise earn.
A] Buffet's deals yield him 10% - 15% [the H-D Financial deal], and,
B] you can bet your sweet biffy he won't be converting any of it to common equity, unless and until there is an economic recovery. At which point he will sell enough to cover his original preferred position and keep the remainder for long-term growth. |
Buellgrrrl
| | Posted on Friday, March 06, 2009 - 11:24 am: |
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GE has the same problem HOG and GM has- they used risky subsidized financing to sell their products. For example, in the railroad biz GE often didn't have the best product, but they have a long history of giving credit to marginal railroads. When the market takes a downturn that can come back to haunt them- like when the Milwaukee road didn't winterize a bunch of GE locomotives and let their blocks crack as they went into bankruptcy. |
Buellinachinashop
| | Posted on Friday, March 06, 2009 - 11:57 am: |
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"I read our news letters every week and jump on the internal website and read Jeff Immelt's(GE's CEO) updates...The investors are running scared, and they are making a huge mistake and losing a lot of money..."
So you reading internal memos and documents, then running here to tell us about it, then pushing stock is ok with GE? No you didn't give expicit info, but by saying you read internal docs, then hyping up stock sales, could be considered insider trading. It would be enough for me to get fired.
Good luck with the Fire Sale. |
Paw
| | Posted on Friday, March 06, 2009 - 10:04 pm: |
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Buellinachinashop, You show me one place where I mentioned anything about the internal updates from the CEO that would constitute insider trading...If that was the case the CEO would be the one leaking the info. Anyway you do not know a damn thing the updates I read. They are availiable to all stock holders too. Infact if you go to www.ge.com you just might get a lot off the updates I read too...All I said is, I read GE's news letter and get on GE's internal website which is internal at WORK you dumb A$$...The internal website address is www.ge.com the same as the world wide web when I said internal I meant our shop floors computer system and the news letters speak the same $hit as the website go check it out. www.ge.com
Shut your trap and never assume anything untill you have 100% proof of the bull$hit you speak.
Your appology is accepted!!! Don't expect one back, When someone sugest I am possibly doing a criminal act I will defend myself as I see fit...So screw you!!! It is freedom of speach.
(Message edited by paw on March 07, 2009) |
Paw
| | Posted on Friday, March 06, 2009 - 10:13 pm: |
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Rfischer, I never said I or anyone else would get the deal Buffet got in fact i said only he is getting a minimum of 10% all others are geting just shy off a 2% return. Your wrong about Buffet getting prefered stock here is a quote from my last post i got off a website.
"he got warrants for common shares at what seemed like great prices."
Basicly what he got was common shares of stock. He's just getting a huge return for his investment.
You guys do not read into depth here and your blowing it all out of proportion.
Lets move this to backfire these guys have no clue what they are talking about. I even went on a search to get proof on Buffet and GE and these clowns still are posting crap and assuming stuff before they know what they are talking about...I'm done I have made my point and was only try to defend the company I work for and proove they are one of the strongest in the world and let everyone know do not be afraid to invest in GE. It is a steal to buy share at $6.
Shut your mouths untill you have solid proof to back up the crap your saying about me and what I and you happen to post here.
(Message edited by paw on March 07, 2009)
(Message edited by paw on March 07, 2009) |
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