CFO Keith Sherin talks about GE’s Q4 results

January 30, 2009

*Update 2/10/09– Read the Board of Directors press release declaring the second quarter dividend.

On Monday, January 26, Russell Wilkerson, GE’s director of financial communications, sat down with GE’s CFO, Keith Sherin, to ask him some of the key questions coming out the the company’s 2008 fourth quarter earnings report, specifically around liquidity, reserves, GE Capital’s pretax loss, industrial backlogs, Triple-A credit rating and dividend. You can watch their conversation by clicking below!

[We have not updated for events since January 26, 2009.]


This entry was posted in Financial Markets, GE Capital, Other. Bookmark the permalink.
  • Bob Carl

    All great companies have periods of adversity. GE weathered the Great Depression and will do just fine in the Great Recession of the 21st Century,

  • communication is key

    Russ and Keith…this a a great follow-up Q&A and is essential for the tough time…boosting up confidences on GE long term shareowners…the next critical timing for GE would be on Feb. 20 taht challenging of the mass short open order 21300 at 10…some homework could be done…keep high hope and success…

  • Jeff Brooks

    As a retiree and 20 year S & SP (100% GE stock) investor, this interview makes me feel good about the future. There is so much info. out there, but its BEST when we get it directly from our own folk like Keith!!
    Thanks,
    jeff brooks

  • Richard Young

    We need less spin…when asked about the dividend and how we are going to sustain it — not one detail…just we plan to do it….the stock price is in free fall and nobody in FF seems to address that issue….and why no mention of pension plan shortfall and our plans to contribute….since this is a reset….not a normal cycle what does the company plan to do??

  • analysts missed badly-DJ

    Dow Jones News…US STOCKS OUTLOOK: Flying Blind On Earnings, February 04, 2009, an interesting article taht arguing the validity of issurance of guidance or not…the analysts are straddling…in the dark…

  • India GE maight miss 2010 target

    The GE india disclosure of it might miss 2010 target is one of the sure shots for today’s fall below 11…it only serve to boosting camp of short options…what a job…

  • Chris

    Well, that’s not all that’s hurting our equity. You can’t tell me there’s some serious illegal market manipulation going on with GE’s stock (and anything to do with financials at the moment).

    I know it will turn around at some point (especially with Mr. Immelt coming out again today declaring he had the cash flow to pay the dividend). It’s just amazing the lack of protection there is for investors right now by the SEC or any governing body. We as GE shareholders can only rely on GE to fight back and take some of those shares out of the market and sock it to those destroying equity for their own pleasure. What they are doing is not investing; they are outright destroying the trust of the entire system when they can destroy the equity of firms the likes of GE.

  • Chris

    Correction: "You can’t tell me there isn’t some serious illegal market manipulation going on."

    Either way, seasoned investors see what’s going on; it’s just as shame our SEC is too inept to notice!

  • Jerry M.

    The embarrassment on the hands of GE management and board to witness this valuation catastrophe must be none existent, you folks have demonstrated an attitude never before seen from a once AAA company, to give up without a fight is uncommon valor in the worst way.

    My take, due to the crash of GE stock the confidence in the company from wall street is none existent and justifiably they will accommodate your lack of faith in your own company with what you deserve; a major downgrade. This action is the fault of the board, whose nomination with the next proxy will be dealt with appropriately, with a negative response.

    To advise I have many shares and my proxy vote will not be in the favor of GE management, starting from the CEO down..

  • You’re not Jeff Immelt

    Here comes Jeff "fly" train to DC…with cost avoidance (free coffee) and effective model (PR with passengers) could be postively apply to all GE ops..
    Salute to Chief Jeff…Would Jack do the same…to save Corp. Jet fuel penny…

  • Jerry M.

    How does it feel to be in the surreal world of the abyss, namely GE , don’t you people know GE is the only company left to short and the short traders will take the valuation to ZERO as long as Emmelt remains passive.

    If GE wants to be in the same element of Citi, Bank of America, AIG , Wells Fargo, be my guest. The only tool to STOP THEM is cash, the cash on hand , the cash flow and the willingness of GE management to announce a mega buy back. That in it’s self will convey a different point of view that GE is on tract and the analysts are all wet behind the ears, which they are.

    All I know, if I were Emmelt, NEVER IN A THOUSAND years would I allow short traders to take my company down, even if I had to cut the dividend temporally to buy back as much stock as I had to. As a share holder with 40,000 shs I’d take the revaluation rather then the dividend, even if you gave me IOU’s for back distribution of the pay out, I’d opt for that in a heart beat.

    You must stop this bleeding unless what the analyst’s are saying, are true, if not, Emmelt is subliminally suggesting the analyst’s commentary is in deed fact without some action to stop the short traders.