General Electric Earnings Offer Relief After Restatements

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  • #16264
    ThePitBoss
    Participant

    General Electric followed last week’s restatement of 2016…

    [article]732[/article]

    #16265
    Assistanc3
    Participant

    “GE recorded reserves of $1.5 billion for potential liabilities from the Justice Department investigation”

    so the government was trying to squeeze more out of GE and GE couldn’t be assed to figure this out sooner?

    nice pop to GE today

    they must have been worried I would buy 10% of the shares and grab a board seat

    #16394
    ThePitBoss
    Participant

    General Electric $GE maintained as Hold at Stifel and raised price target to $15 from $13.The 52-week range of $12.73 to $29.47.

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