It's not that I hope they go to zero, I'd just like to see Immelt in jail. GE has been selling centrifuges and military software to Iran for use against US troops and for the construction of an Iranian nuclear device. http://www.youtube.com/watch?v=XfKZcDTPCg0 I call their stock plummet a well deserved 'karmic b-tchslap.' -Prof.
How is the company doing? Not great but still fine, and will continue to do so, for now. Soon or late the market will find out and catch its real value. Read a bit about value investing.
I BELIEVE GE has less than a years worth os cash to continue. if their credit rating gets cut..... CAN YOU SAY ****AIG****
GE is a long term buy even at current prices. Of course, the market likely will go down further, sinking GE with it.