| #1 I have some of this stock in the retirement portfolio. The company is fairly well diversified. Lately, GE has gotten in "Green Initiatives" for political correctness as far as I can tell. I have seen it go down, down, and then down some more. Investors have remained worried about the troubles at GE's vast finance arm. Nearly half of its profit comes from a loan and lease business. I don't think the stockholders have been well-served by CEO Jeff Immelt. He tried to sell off the appliance division which in the past has been a good part of the business. The strength of the company in the past has been research, innovation, and manufactured products such as jet engines, locomotive engines and electrical products. They need to get out of the fake paper business and develop some cash reserves. Maybe Buffet will have enough ownership to straighten this company out. Buffet is a hard-nosed, no-nonsense business man. He doesn't spend a dime that he can't get a return on it. |
General Electric Co plans to raise $15 billion through stock sales -- including $3 billion from Warren Buffett -- to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the U.S. conglomerate said on Wednesday.