User 150357

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  • Adding to My GE Position
    I think most of you have gotten this wrong. 25% of GE is GE Capital.
    THey have $5 bil. of mtgs. in the UK. I do not know the amt. of mtgs. they have in the US. No one but no one wants to buy their GE credit card division.

    Credit card division is rife with defaulting holders.

    As far as I'm concerned this is a black box or the unknown. No one knows the depth of losses any of fianancial companies will be having going forward. What makes all of you so confident in GE Finance financial picture? WHere is the transparency? Does anyone know how much unsalable paper they are holding.

    In my opinion, one can only invest in this co. if you can get a clear and true picture where the paper is and what kind of paper they have.

    Meanwhile, the stock is down over 8% over the last ten years. It's pretty difficult to make a dead horse stand up.

    Cheap doesn't always equate to good. If you want cheapoo's I can recommend other ones for you also, C,F,GM,CMGI, etc.-there are many dead horses that are going for cheap.
    Jun 28 09:09 am |Rating: 0 0 |Link to Comment |View article

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