GE Reports

Breaking up GECS from the parent company is idiotic. Why punish a company that was able to execute through a real tough credit cycle without having to take taxpayer money via TARP etc. Taxpayers actually made money on the FDIC fees GECS paid when it used the TGLP Facilities (Commercial Paper program).

Having GECS and GE parent is actually a much better solution than having them separate in terms of risk to the economy or taxpayers since they can hedge off each other.

Everyone else had to get TARP except GECS. Congress needs to realize this and not punish a company for the mistakes of others.

GECS/GE will just come out as a stronger entity over time.

I agree somewhat with “Longterm Investor” that GECS is an important part of GE – It provides financing and income possibilites other companies o not have.

However, when mis-managed such as what we have seen is proof enough that the leaders of GE have fallen into the same Greed of others.

We have all heard how GE Risk Managers can “see around corners” and how earnings are “in the bag” – “the divdend is safe” only to be deceived into believeing.

As CEO Immelt should go for allowing such.

When ask at one of our recent Annual Meetings about GE’s Debt/Equity Ratio Sherrin and Immelt commented it was appropriate for a company such as GE – only to have the very existance of GE to continue be threatened as the truth came forward and billions of sharehold value were lost. Another lie by Immelt.

For the BOD’s – the same applies for being equally responsible allowing GE to follow in the steps of Enron or Worldcom.

Let us all hope we don’t wakeup one morning and see headlines defining our demise.

Why people choose to make something that is relatively easy, so ridiculously complicated is beyond me. No, I am not a big fan of Jeff Immelt, but you gotta love this STOCK PRICE! This company is going to earn, at a minimum, thirteen billion dollars in 2010.

divide 13 by 10.6 billion shares outstanding, and that equals 1.23 in earnings for 2010. At a modest p/e multiple of 15, that equates into a stock price of 18.45, representing an annualized rate of return of 15.67% on invested capital, before dividends, at current market prices. At a market price of 15.95, more than 2/3′s of your cost basis is covered in book value alone. Which, by the way, is growing at a 5% clip every quarter.

With the exception of Pfizer, I cannot find anything else that is this attractive.

I’ve been following this stock for more than 9 years and it has never been this cheap. People were saying the same thing about Apple in 2001, when it was trading for less than the CASH it had on its balance sheet. That stock is up more than 800% since then. Pessimism, is a beautiful thing when it comes to investing, for it creates some real bargains.

I don’t know about you, but I love to buy things on sale. This stock was up more than 12% in November alone, vs. 2% for the major indexes.

To give you some perspective, we haven’t had a negative GDP, on a world wide basis, since 1940!!! You have to go back 69 YEARS to find a global economic system this weak, and it took a World War to do it. Thus, the odds of a recovery in 2010 are enormously favorable. In the meantime, GE stock is dirt freaking cheap…..mind the gap.

Thomas Edmonds

I’ve been with GE Capital for some years now and what disappoints me is that some of the jobs they give us here are so mundane im sure that im destroying more brain cells here than drinking a bottle of Jack Daniels, listening to calls day in day out to determine if we are doing customer service right is utter nonsense, many of us leaders here have degree’s in finance, economics etc where is development, stop paying us top dollars to for doing nothing and get us creating again for @#$# sake.