Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Well, GE is not going bankrupt. A very out of favor blue chip selling at a 5 year low while maintaining a 3.9% dividend, is getting to look juicy!

$15 LEAPS calls are going for $9.25, virtually no TV.

My bottom fishing pole is out!

Regards,

Bob
Print the post Back To Top
No. of Recommendations: 0
I agree with you.

I worked for theGE in the 1980's and was in a company DRIP program for awhile. I had share certificates and sold them in the 1990's but kept the dividends which had been deposited into an on-line account. GE is now very low and to your point it will not go bankrupt anytime soon. It has a decent dividend. I am still holding my stock but I treat it largely as a cash substitute now. It is disappointing that it has fallen, but it will grow.

My only thought recently has been are there other positions that could give me a superior return? I have been looking at telecoms for comparison, VZ and T.

Bruce
Print the post Back To Top
No. of Recommendations: 0
Hey Bob, good find! Bought the GE leaps with about 2 Cents time value.

Thanks!

John
Print the post Back To Top
No. of Recommendations: 1
Hi John,

Not quite 2 cents net with dividends considered, but still a darn good bet.

Regards,

Bob
Print the post Back To Top
No. of Recommendations: 0
I think that knife will fall below $20 first... A lot of wealth was destroyed by former CEO. New guy has a big challenge. Dividend is probably safe but I am considering shorting it until $20 - so for what its worth, my 2 cents.

Phil

(No position as of yet in GE)
Print the post Back To Top