Quote:
Originally Posted by Hog's Gone Fishin
Anybody have any thoughts on GE. I'm thinking if it hits 13 I might take a hard look at it.
THey have the Airlplane motor division as well as the Healthcare division that are strong and if they spin off the rest of the trash parts of the company like their talking about then I can see huge opportunity.
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I wouldn't touch GE with a 10 foot pole right now. I would maybe consider it (I won't personally) around $13, but more shit is about to hit the fan.
Is there possible upside after it bottoms out? Sure.
But that's a long term play, IMO, and a slow recovery when it happens. I wouldn't tie up a bunch of capital with GE.