General Electric (GE) Backlash: The Pain is Coming
Frank Lara Jr. (November 17th, 2008) Writes:
A must read article on Minyanville.com puts the smack down on General Electric (NYSE:GE) shares, and another one from Bloomberg.com isn't going to help shareholders come tomorrow or the foreseeable future. GE shares get ready to battle the media.
Let's face it, when fear is driven into the hearts of investors, no matter how it gets there, word of mouth, CNBC, your baby's momma -- it's fear none the less.
When that happens, investors bail, and the selling could jump start now that the media is tearing GE a new one.
General Electric (NYSE:GE) appears to be a "cheap stock" when you consider traditional investing measures:
P/E now under 10, at 7.67.
Shares are of GE are now $16 down 58% in the last year.
It's a company we have all grown up with, same ...
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America, Ben Silverman;, Bethesda, bloomberg, Citigroup Inc, Credit Insurance, Crocs Inc, Dow 30, Fdic, Federal Reserve System, Ford, GE Capital, general electric co, InsiderScore.com;, Jack Welch, Jeffrey Immelt, Kerry Killinger, Market Commentary, Maryland, Michael Levine;, Minyanville, NBC Universal;, New Jersey, New York, new york stock exchange, Nino Brown;, OppenheimerFunds Inc.;, Oracle, Princeton, Sp 500, United States, Us Government, USD, Vikram Pandit, Warren Buffett's Berkshire Hathaway Inc.;, Washington, Washington Service;
America, Ben Silverman;, Bethesda, bloomberg, Citigroup Inc, Credit Insurance, Crocs Inc, Dow 30, Fdic, Federal Reserve System, Ford, GE Capital, general electric co, InsiderScore.com;, Jack Welch, Jeffrey Immelt, Kerry Killinger, Market Commentary, Maryland, Michael Levine;, Minyanville, NBC Universal;, New Jersey, New York, new york stock exchange, Nino Brown;, OppenheimerFunds Inc.;, Oracle, Princeton, Sp 500, United States, Us Government, USD, Vikram Pandit, Warren Buffett's Berkshire Hathaway Inc.;, Washington, Washington Service;


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