Thoughts on GE
This topic was created in the Finances & Investments forum by tommyz on Friday, March 20, 2009 and has 4 replies.
why? just curious, i mean i am aware that the recent trend towards alternative fuels should mean a brighter future for for ge (sorry could not resist the old tag line) but truly what gives ge an advantage here? as far as i know ge is highly involved in both the military industrial complex and avionics, with a large division in house hold appliances that rely on electricity generated by fossil fuels.the futures of all three are suspect and is therefore mirrored in it's rock bottom price.
want solid stock stick to publix, not a huge net gainer but a consistent performer, and even in a depression people still like to eat.
want solid stock stick to publix, not a huge net gainer but a consistent performer, and even in a depression people still like to eat.
as far as publix goes it is mentioned as a model. stocks that are low yield, but have longevity, and consistent performance are the keys to making a solid 'long term' investment in my opinion.
i am not the only one, publix stock has long been held the model by which others can be judged, simply because of the deliberate way about which it has approached expansion over the years. now as far as getting rich quick by hoping you hit a 'dark horse' well, good luck, i don't play the market, i make long term investments.
i don't agree ge has hit bottom, i believe it can get much worse. consider, where ge provided turbines in the past for military applications, these contracts have steadily gone to general dynamics, westinghouse, and pratt and whitney.this means the future of the us military has been built around their competition, from next generation air superiority fighters to the world's most sophisticated main line battle tanks, the future of the military is not ge. this is unlikely to reverse any time within the next fifteen to twenty years ( typical life span of major weapons designs)unless they make some ground breaking discovery that would warrant giving their products a second look.
secondly the the civilian aero manufacturing sector in its currant incarnation is going to continue to lose ground to it's european competition. rising labor costs in the us , the spiraling cost of air travel in a post 911 america, and simple old-fashioned corporate greed will help to ensure that this trend too, is irreversible.simply put, who care if ge makes a great turbine if there are no american planes to put them in?
and thirdly there is the home appliance division, that has steadily lost ground to it's competitors over the years, and has been subjected to an industry wide re-evaluation of domestic energy consumption. current situations have sharply underscored our need to rethink every application of energy usage, causing companies to scramble to create more efficient and innovative applications from road machines to refrigerators and if ge is not at the front of this pack it might as well be at the back.
i say it is no accident that their stock is so low. it has been a long good run, but the general, i believe,is retiring, going home to feed the dodos at his long neglected ranch called 'the american dream'.
i am not the only one, publix stock has long been held the model by which others can be judged, simply because of the deliberate way about which it has approached expansion over the years. now as far as getting rich quick by hoping you hit a 'dark horse' well, good luck, i don't play the market, i make long term investments.
i don't agree ge has hit bottom, i believe it can get much worse. consider, where ge provided turbines in the past for military applications, these contracts have steadily gone to general dynamics, westinghouse, and pratt and whitney.this means the future of the us military has been built around their competition, from next generation air superiority fighters to the world's most sophisticated main line battle tanks, the future of the military is not ge. this is unlikely to reverse any time within the next fifteen to twenty years ( typical life span of major weapons designs)unless they make some ground breaking discovery that would warrant giving their products a second look.
secondly the the civilian aero manufacturing sector in its currant incarnation is going to continue to lose ground to it's european competition. rising labor costs in the us , the spiraling cost of air travel in a post 911 america, and simple old-fashioned corporate greed will help to ensure that this trend too, is irreversible.simply put, who care if ge makes a great turbine if there are no american planes to put them in?
and thirdly there is the home appliance division, that has steadily lost ground to it's competitors over the years, and has been subjected to an industry wide re-evaluation of domestic energy consumption. current situations have sharply underscored our need to rethink every application of energy usage, causing companies to scramble to create more efficient and innovative applications from road machines to refrigerators and if ge is not at the front of this pack it might as well be at the back.
i say it is no accident that their stock is so low. it has been a long good run, but the general, i believe,is retiring, going home to feed the dodos at his long neglected ranch called 'the american dream'.
Posted by tommyz
"Long-term investments" people still do that?
ha, finally someone zings back!
as far as what i know about ge, i would not call it homework, but we'll just leave it at that.
In my opinnion the short term traders are moving the markets. So, if you are looking for a "Quick Buck" then go for it. But the fundamentals are not as sound as they used to be. Somebody knows something. Or it wouldn't be trading at these levels. I mean, if I had a 40 plus percent profit on anything in this crazy market I'd take it, now! But, my crystal ball stopped working in '99. GE is spread way to thin for a conglomerate. That's what happened to the automakers, ya know. Wait and look at the "Technicals". That's what I'd do. But, who am I? Barchart dot com.
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