General Electric stock in the toilet
 

Heard on the NBC (owned by GE) nightly news that GE's stock is trading around $6 a share, down from about $44 a year ago. Supposidly GE is the only original member of the DOW.

Not that it much matters today, I don't think they actually manufacture anything anymore, except maybe light bulbs.

:puke:GE

They make airplane engines, wind turbines... big multi million (billion) contracts, that sort of thing.

They are rebadgers in consumer electronics though. So GE, to us anyway, is in fact dead.

I think GE makes diesel locomotives also.

doesnt their motor boat division make subs>? I think its General Dynamics electroc boat division..but GE does power naval vesels.

Another in a long list of stocks....

I've never seen the economy in such a bad state...

They own what used to be Amersham and (part of) Pharmacia under the auspices of (guise of) GE Healthcare.

Might actually be a good time to buy some GE stock. I don't think they'll go belly up, and really things can only improve.

I trade stocks for a living, and GE is definitely not the time to buy yet. Wait until it reaches less than $2.50.

GE actually does make things, many BIG things--quite diversified, actually.

There's GE Healthcare..you know, CT Scanners/X-Ray/MRIs'......

Having worked in an animal hospital the Carecredit pay plan was owned by GE. Usually used when your pet needs surgery, GE foots the bill for two years (maybe 12 mos? I forget now...) giving you time to pay up interest free. But after that, it gets VERY expensive fast.

The down trend was predictable. I didn't expect it to go this low. Part of that due to the overall market status.

Also partly due to the leadership.

Time to buy,buy,buy!! I am putting every penny I can find into the stock market right now. Everything is 50% OFF. Sale of a lifetime.

Before anyone buys, do some homework. If GE has it's mitts in any mortgages, keep clear! That's one of GM's problems, since they went into home loans, and Ford didn't (that I ever heard). GM is in peril, and is getting $ from Uncle Sam, and Ford declined to apply. I know that GE owns a lot of financial entities, and it would actually surprise me if they aren't somehow on the hook for $ a few billion in dead mortgages. GE Capital loans money for commercial construction and large real estate ventures.... EEK! I haven't looked at GE's charts, but if it's tanking faster than the average, there's a reason.

Charles

Be careful..... Things aren't always how they appear. And that advice comes not from me, from very seasoned, successful investors on my father-in-law's side of the family. I won't drop a name, but it's one we've all heard. That person sold 80% of his market holdings, and would have sold 100% if not for tax reasons to keep impending losses to come. And those are bio-tech stocks, which will probably "crash less hard" than others. And by the way: I wouldn't keep any sizable assets liquid. The value of the cash will plummet just like stocks. If it goes where it looks like it could, a person who has $250,000 in the bank, might just be able to get a year's worth of groceries. Think Germany; post WW I. The big guns are sticking to real estate, oil, and certain bonds.

Charles

IMHO (masters in acctg/finance), that would be a good move to divest from risky biotech however, i would recommend buying into a index fund eventually because as he said, "sale of the century". If the DJIA is 6800, and was trading twice that, we are in an amazing time to buy buy buy. The tricky part is finding the bottom, and I have no idea where that is right now

Real estate is a good buy. The worst thing possible are the advertisements on cnbc and other news places that say "now is the time for gold!". Yeah, buy gold while its high, what a great idea! :thumbsdn:

I'd avoid GE's stock:

* They've abandoned lightbulbs and consumer products, more or less totally. This will eventually bite them in the public perception ("Remember when GE made...") area, not to mention, everyone needs lightbulbs...

* Heavy financers. They're like the #1 or #2 aircraft lessor, among other things. Commercial aviation ain't doing so hot now, and won't for a while.

* They're not excelling at anything they do, and their customer service blows. Their industrial divisions are dreadful - poor delivery dates, worse support, products that don't play with each other. Despite GE's PLCs being 1/3rd the cost of Allen-Bradley or Siemens, the latter two own the market. There's a reason why.

* Toshiba's kicking their ass in the nuclear market. Most early ESBWR customers are now running from it to the AP1100. I'm not sure if it's cost or nervousness about the design, which is somewhat radical - the first large scale natural circulation nuke plant proposed.

* Rolls and Pratt are catching up in jet engines. If Pratt's geared turbofans work (and they pretty much do, at this point), they'll kick the CFM-56 right off the wings of the 737 and everything else. Rolls is catching up on the large end, fast.

* They're a nothing in the railroad industry. Siemens, Bombardier, and Alstom sell to more places with a much better product. GE's confined to developing world markets - they can't get any real sales in Europe. The NYC subway no longer buys GE for traction equipment. Nobody buys last decade's technology if they can avoid it.

* NBC's going nowhere but down.

Frankly, I'd be surprised if GE's around 10 years from now. They're doing all of Westinghouse's mistakes, only faster.

000

Wrong, inflation is when you have too many dollars chasing after too few assets and goods. Since most of America's money supply is debt, the debt is largely being defaulted on, which explains why the vast majority of Americans have very little or no money. What we are seeing now, as a result, is too few dollars chasing after too many assets and goods, and that means deflation - not inflation.

You mention Germany post-World War I and their hyper-inflation, but that was caused primarily by Germany having to pay huge reparations as a result of the Versailles Treaty, this made them completely insolvent, in addition to their economic base and infrastructure largely being devastated as a result of the war. The Weimar Republic was in even worse shape than the United States is today. The best comparison you could make with America's economic situation currently is Japan in the 1990s, though the two situations are not entirely similar.

Getting back to the original topic, the current economic situation will eventually, years from now, cause most of the major electronics companies worldwide to go under, including of course General Electric. And it doesn't help the situation any that the quality of consumer electronics products today is absolute junk.

Many people, largely on the Internet conspiracy theory web sites and forums, like to claim that the US government will simply print even more money, and that will guarantee us a future of hyper-inflation. Not true, first of all if they tried that, there would be a massive US bond market sell-off worldwide because the treasuries would be basically worthless, due to the dollar totally collapsing. Of course, the US bond market has already been in a huge bubble for many years now, and it's only a matter of time before the foreign investors, as well as many Americans, quit financing the massive debt of the United States government. The bubbles in real estate and commodities such as oil will continue to burst, and eventually return to reasonable, sustainable, and affordable price levels. The future is deflation, and despite all of their panicked efforts, there is nothing that the United States government, the politicians, or anyone else will be able to do about it. The future is deflation and a 30-to-40-year economic depression, as a result of decades of too much spending, too much borrowing, and too much debt, in both the public and private sector.

You're hinting at hyperinflation. Certainly that's possible. But we've been at risk of deflation for awhile. I gather a large part of this is the unavailability of credit effectively reducing the monetary supply in the market. "too few dollars chasing too many goods" as posted by classictv80s.

I did some reading awhile back on this and my intuition is that it is not exactly a dead simple thing. But I gather that hyperinflation won't be a problem yet. It isn't quite as simple as "the fed prints money therefore we have hyperinflation" It's dependent on the monetary supply (in part) but that also includes all the credit that isn't available right now. Where we might run into trouble is if those financing our debt (China being a major one) don't anymore and we have no other choice than to print money to do it, as well as if the credit flood gates open at some point and the fed isn't able to reduce the monetary supply in response. Another thing that could be problematic is confidence in the dollar.

Michael

Shoulda bought that GE stock back on 3-4 at $6... 2 weeks later (today) it's near $11.

Only time will tell......... 'til then, we're not putting anything on credit, not buying any stock that we're afraid to resell the next day, and most of our investments are now tied to the cost of living (agriculture, commodities, and certain real estate), and not to the value of the dollar nor to corporate America's success or failure. All of our credit cards are paid off to zero each month, no car payments, and definitely no 401K to risk in someone else' hands, and we consider our Social Security deposits to be gone. If we do (miraculously) get anything back when we retire and apply for our Social Security, it will be a nice surprise, and I really WILL BE surprised if there's any money left in there.

Some people are OK with insecurity and being high-rollers, so long as they have their ski boats, Harleys, new BMWs, Armani suits, summers in Europe, and naturally, a $3 million house with -(50%) equity on a 5 year, interest-only loan, and tons of cash pulled out of everything they own in order to "invest" (gamble) riskily, in order to have more, more, MORE than the guy up the street. That's why some of them are exactly where they are today (bankruptcy court, and looking for an apartment which will accept an applicant with a foreclosure), and we're where we are (used Toyotas, 1990s wardrobe, 1980s TVs), and we can support ourselves, by ourselves, for the duration of this economy crash just fine. If at least half the citizens would live 1/2 way closer to within their means, none of us would be screaming and crying about foreclosure crises and bank failures. I think we'll buy a pawn shop... We'd take in plenty of ski boats, Harleys, Armani suits, and BMWs at 10 cents on the dollar :)

True we're driving used Toyotas, eating home-prepared meals with left-overs, wearing clothes from eBay and Walmart. But MAN, the deep nights' sleep and the paid-off mortgage is great!


Charles

In any event, if you do decide to buy some GE stock, just don't put more than 10% of your money into any one thing, or into the hands of any one broker or investment operation. There's that old concept of the investment pyramid, most of your money in stable and reasonably secure stuff, and a little in high risk stuff.

That way, if it tanks, or it turns out to be a Ponzi scam, at least you still have 90% of your money still around.

GE's last and final year of cordless phones...
 

Not sure if there are any cordless phone collectors, but GE announced on November 2008 that they will exit the cordless phone market altogether :tears::

http://www.appliancedesign.com/Artic...00000000463768

This got me really excited and I went out and buy GE's last, flagship DECT6.0 cordless phone, which is their Cell Fusion lineup model 28129 series, selling at closeout price. This will be me my first new cordless phone ever as I have always hold against buying one at anytime soon, unless there is one that can consider to be collectible. I bought two boxes as I am storing one just in case my first one died or I need it for parts.

It may not worth anything right now, but in 10 years, it will be part of history. If your cordless phone is old and needs to be replaced, this is a perfect time to upgrade to GE's last and best cordless phone right now.

http://www.home-electronics.net/ge/p....asp?idpage=33

If you are not aware, GE was the inventer of the DECT 6.0 digital cordless phone technology. GE was the first brand to show up in stores with DECT 6.0. Sound quality is exceptional.

000.

I can attest that GM was into mortgages(at least at one point in time). Mine was sold to GMAC. I paid it off several years ago, so am not sure about now.

GE phones are made by Thomson themselves. The FCC-ID on the back of the phone is G9H.

GE is getting back into televisions.
 

http://www.hometheatermag.com/news/0...neralelectric/

It will be interesting to see if GE continues with this plan, considering the economy.

GE phones used to be pretty decent-I had a couple at the office that were very nice, loaded with features. Then, about a year ago, the workhorse Panasonic I had at work finally croaked. (that was an AMAZING phone-tough as could be) I found a sale on a GE model and figured by now any cordless should be decent. Wrong-that GE was pure junk. Came with 2 handsets, which doubled its life. Good thing because it was totally shot in less than a year. Now replaced with a new Panasonic.

The last good thing they made was the GE mini .30
mabey they just spent to much money trying to back engeneer alien space crafts or mabey not.

If you are a technician, what is the most common problem found in cordless phones? My goal is to allow my GE's last cordless phone to work for 15 years. But would it be repairable if it breaks? The DECT 6.0 technology won't be obsolete for the next 15 years.

Someone experienced will hopefully chime in...the last GE I had suffered from batteries that wouldn't hold a charge-not a big deal, just replace them, but I decided it wasn't worth the cost. The range on that phone (2.4ghz as I recall) was pitiful compared to the old Panasonic. I could barely get out of the shop, versus the other phone which would work 1/4 mile away. The other issue is abuse. The Panasonic died after about the 100th drop on a concrete floor. In between I had to go in a couple times to repair connections which failed from the hard use I gave it. The GE didn't fare so well with those hard drops. So, use it carefully and maybe upgrade the batteries when the OEM's die.

(reminds me of my vain attempt to find a good Motorola cordless phone in the 90s. These were made in the USA and had lots of features, but were only 49mhz. I must have bought 4 or 5 over the years and not a single one of them lasted a week. Yep, I was dedicated! Most of the ones I picked up were factory reconditioned as they had long since been discontinued. The first one I bought was a gift for my sister, when they were still in production. It died within weeks so I called Moto and they shipped a new one no questions asked, I didn't even need to send the old one first)

000

In October of 2007, a friend and I were discussing this. The Dow was at 14,200 and I remarked it had no where to go but down, with all the layoffs then. He was a trader and agreed, but he did alot of research and rarely made a bad bet. Until now...My wife's IRA is at 1997 levels . She has lost huge amounts. Aim, American, AIG-Valic (not the stock) Save for the long term? I am not so sure anymore. She put the max in , has worked 35 years in hospitals, teaching med-surgery, running whole units, and now in administration. We followed the rules. I know AIG lost their shirts insuring bad mortgages- butthis has been a collective disaster affecting everyone, though. (myself included).The problem now is, that we HAVE to wait for corporate America improvement, yet I don't see it. I remember sitting in my living room in December of 2007, thinking we were headed for a disaster in the markets. I was that sure. Well, hell, I didn't take my own advice. But at least my house is paid for...No one is really looking out for us. Wall Street is not to be trusted anymore and our elected officials know even less in how to police it. I know who to blame here, but I will get the thread closed.

I haven't played the stock market much at all. Just stuck with boring stuff like bank CDs and IRAs and such. I don't have the where-with-all to ride herd on stocks and bonds and such. Had some Tektronix stock, dating back to 1994 when I worked there for a year, and sat on it untill they got taken over a year or so ago. The broker said that it did well for me, took the money from the sale of it and put it into something dull like another CD. I'm just not the gambling type...

A few years ago, someone suggested that New York City allow casinos. Someone else said "They already have a casino in New York City, it's on Wall Street". :D

The stock market has no guarantee. You can be assured that your investments will return to their high values, probably after you and your wife pass away, that's called "normal."
The corporations are more sophisticated than you think. When a large group of retirees are getting ready to sell their stocks, some how the stock will plummet, retirees get scared or need the money now, they sell cheap, afterwards, somehow the stock will climb back up pretty quick, after the corporation has made major buy backs of their stock that was cheap.
An example, this tactic used by Corning Glass Works a few years ago.

I still have an old Radio Shack cordless phone from 1983 that still works, it uses the 49 Mc band from the phone to the handset and 1700 kc (just above the AM band) from the base to the phone. Those were the days.

Alternative energy sources are, I think,
and there is that direction which will deduce the world from crisis.
The epoch of oil and gas monopolies will end.

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