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Very good discussion imo of the American disaster that is General Electric. Waded in at $18 and right back out in deciding to raise cash. If it was a flop for Buffett and Berkshire along with so many others I don't know any better. Value trap doesn't even begin to describe it.

I did the same. Bought some GE as a speculative play when the possibility of a breakup first was announced - then turned around and sold the next day after Steve reminded me that spinoffs would be very difficult due to a morass of pension obligations.

Took a small loss, but I figured it was better to recognize a mistake quickly and move on.

I locked in some gains by selling a successful ETF position the same day, so I felt better, anyway.

;-)`
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