GE shares stumble to worst week since financial crisis

Discussion in 'Wall St. News' started by learner88, Jan 19, 2018.

  1. murray t turtle likes this.
  2. I called this poop months ago
     
  3. Metamega

    Metamega

    Did you trade it?
     
  4. lylec305

    lylec305

    I can never call bottom but is it time to sell otm puts to accumulate ?
     
  5. just21

    just21

    Berkshire Hathaway probably doing the same.
     
    yiehom, beerntrading and lylec305 like this.
  6. Anyone think GE may be a potential “Dogs of the Dow” play?
     
    beerntrading and lylec305 like this.
  7. lylec305

    lylec305

    Everything else is over bought and top heavy. IMHO GE maybe the turnaround story for 2018.
     
  8. I've been long on this since the cut their dividend (actually, shorting puts, and long LEAP calls). Got my cost basis near $17. It's a long term investment play, but to good of a value to pass up.
    Oh, what I would give for a Buffett bump!
    I personally love a distressed dividend stock with adequate cash flow to cover it's dividend for the foreseeable future. Given how low the bar has been set buy former management, we're talking about mediocre competence being all that's needed to turn this around. This would have been my biggest play going into 2018, but for SQ's growth.
     
  9. lylec305

    lylec305

  10. Sometimes leadership transition is important. Jack to Jeff and Jeff to John. Current course is not feasible and sometimes making changes is more dangerous. Judging from the CEO transition, it has a deep rooted management culture. Change is hard.
     
    #10     Jan 20, 2018