General Electric $GE Slashes Dividend in Half, Board a Third & Lowers Earnings

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  • #13448
    ThePitBoss
    Participant

    [article]389[/article]

    #13449
    Assistanc3
    Participant

    $GE should have either or not both to dividend and share buybacks
    ……I would have done neither

    I would have cut the dividend to 0 and did no buybacks
    then when the stock tanks, buy back shares and issue a special dividend

    #13450
    ClemSnide
    Participant

    [quote=”Assistanc3″ post=3207]$GE should have either or not both to dividend and share buybacks
    ……I would have done neither

    I would have cut the dividend to 0 and did no buybacks
    then when the stock tanks, buy back shares and issue a special dividend[/quote]

    Yes stupid to cut dividend and have buy backs – obviously scared of sell off – good point buy them as low as possible

    #13453
    Assistanc3
    Participant

    $GE down -4.7%

    #13471
    Helmholtz Watson
    Participant

    Another Day another $GE Low General Electric Company
    Nov 14, 10:09 AM EST
    18.28 – 0.68 (-3.60%)

    #13472
    ThePitBoss
    Participant

    General Electric $GE Analysts Changes After Dividend Cut

    RBC Capital Markets Downgraded $GE to Sector Perform from Outperform $20 target down from $25
    Merrill Lynch maintained Buy rating, but lowered its price target to $23 from $27.

    #13481
    Assistanc3
    Participant

    GE’s Market Cap Surpassed By Boeing for First Time Ever

    #13490
    ClemSnide
    Participant

    Some ego’s out of joint – underscores how poor GE management was to get to this point

    #13515
    MoneyNeverSleeps
    Participant

    Even with $WMT up nearly 10% DJIA Program Buying can’t it General Electric Up

    NYSE: GE · November 16, 2:06 PM EST
    18.19 – 0.080 (0.44%)

    #13521
    Assistanc3
    Participant

    Moody’s cuts GE credit rating because of ‘extreme deterioration’ in energy business. Moody’s Investors Service cut GE’s long-term debt rating, citing “extreme deterioration” in the energy business. The cut is from A1 to A2, which still keeps the company’s bonds in the investment grade category.

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