Hmmm.. GE a good buy @ $32.50???

Started by Woolly Bugger, April 11, 2008, 10:33:31 AM

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Woolly Bugger

https://apple.news/AUW4zpNO2T5aPHZefG81NfQ

Analyst says GE stock recovering because Madoff whistleblower fraud allegations are baseless
ex - I'm not going to live with you through one more fishing season!
me -There's a season?

Pastor explains icons to my son: you know like the fish symbol on the back of cars.
My son: My dad has two fish on his car and they're both trout!

Silver Creek

#76
Quote from: Silver Creek on June 14, 2008, 10:42:26 AMI hope GE recovers but GE's bond rating does not give me any solace given what happened to Citicorp, and B of A. Even the second largest Bank in France, Societe Generale lost $7.1 billion.

Only JP Morgan Chase has done relatively well having the reserves to buy Bear Sterns. I actually own quite a bit of JP Morgan Chase, or should I say Jamie Dimon because I believe he is the saviest CEO in banking today. Invest in people and not in corporations. When Jamie left Citicorp, that was the time to sell Citicorp, buy Bank One, then JP Morgan following Jamie Dimon. You could have known nothing about the companies, only the man and made money at every step. Even with the depressed price of JPM, it is higher than when Jamie took over the company.

Back in June 14th 2008, about 11 years ago, I said I invested in Jamie Dimon of JPM. Let's do a check up on how Jamie did for JPM shareholders. It was about $40 and now it is about $108.50. That is 270% in 11 years and that does not include the dividends that it paid me over those years.

According to Morningstar, the total "dividend" yield over the last 5 years has been 5.74%

https://www.morningstar.com/stocks/xnys/jpm/dividends
Regards,

Silver

http://tinyurl.com/kkctayx


"Discovery consists of seeing what everybody has seen and thinking what nobody has thought"..........Szent-Gyorgy

Big J

Now might be a good time to buy GE,  jus sayin. 

Woolly Bugger

I've been racking it up with my MAAN stocks

Microsoft
Apple
Amazon
Nvidia

GE was a buy at $6.00  d:b
ex - I'm not going to live with you through one more fishing season!
me -There's a season?

Pastor explains icons to my son: you know like the fish symbol on the back of cars.
My son: My dad has two fish on his car and they're both trout!

Big J

Quote from: Woolly Bugger on October 09, 2020, 13:52:09 PMI've been racking it up with my MAAN stocks

Microsoft
Apple
Amazon
Nvidia

GE was a buy at $6.00  d:b

I dumped some money into Carnival Corp, US Foods Holding, and Delta a few weeks ago.  All those should be good long term.  Just put some money into GE today.

troutrus

Since we're talking gambling here, I'm taking VT and the points (+4) vs UNC. One way or another by 4 pm I'll know how it went. 🏈🏈🏈

Onslow

#81
Quote from: troutrus on October 10, 2020, 08:13:20 AMSince we're talking gambling here, I'm taking VT and the points (+4) vs UNC. One way or another by 4 pm I'll know how it went. 🏈🏈🏈

Blah blah blah sports.  (-s



Mudwall Gatewood 3.0

Quote from: Big J on October 11, 2020, 06:17:17 AM
Quote from: troutrus on October 10, 2020, 13:29:30 PMOops! Wish Ida seen this bit of info earlier.

https://247sports.com/college/virginia-tech/Article/Virginia-Tech-football-inactive-list-against-North-Carolina-Tar-Heels-152694994/

Never bet on VT  :laugh:


Honestly, it was one of the better games VT has ever played, and under the unusual circumstances.

The game situation was like placing me behind a desk doing Big J's job because I can add and subtract and having Big J IDing mayflies looking through a microscope because he can see and has seen a handful of mayflies in his life. 

https://roanoke.com/sports/college/va_tech/tech-coaches-tried-everything-they-could-to-shore-up-struggling-secondary-run-defense-against-unc/article_3f237154-0b80-11eb-9d9e-f7442780a5b8.html
"Enjoy every sandwich."  Warren Zevon

Silver Creek

#85
Quote from: Woolly Bugger on October 09, 2020, 13:52:09 PMI've been racking it up with my MAAN stocks

Microsoft
Apple
Amazon
Nvidia


Great Stocks, I have all of them as well as AMD, INTC, GOOG, GOOGL.

I bought MSFT in 1994.  It has split 2:1 4 times since I bought it. So I have 16 shares for every share I bought and my cost went down $3.23/share. Then MSFT also declared a special bonus dividend distribution in 2004 of $3/share so my cost per share is now 23 Cents!!!!

https://www.microsoft.com/en-us/Investor/dividends-and-stock-history.aspx
Regards,

Silver

http://tinyurl.com/kkctayx


"Discovery consists of seeing what everybody has seen and thinking what nobody has thought"..........Szent-Gyorgy

Dougfish

#86
Nice alarm clock you have.
Have a glass of milk.
Nighty night.
"Why don't you knock it off with them negative waves? Why don't you dig how beautiful it is out here?
 Why don't you say something righteous and hopeful for a change? "
Kelly's Heroes,1970

"I don't wanna go to hell,
But if I do,
It'll be 'cause of you..."
Strange Desire, The Black Keys, 2006

Big J

DOW today be like
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Not sure what Bossman did with last stock market thread but just wanted to leave this here.  Hope you old farts moved investments over to some low risk low interest crap.  I'm young and riding this one out. 

On another note, hope no one owned any terra  :o

driver

The market has had a few better days since this post. But my butthole still hurts.

Silver Creek

#89
A New York Times editorial on GE today reminded me of this thread back in 2008 on investing in GE. I recommended against it at the time.

https://www.nytimes.com/2022/12/07/opinion/general-electric-breakup-downfall.html

GE did a reverse 1 for 8 stock split on 7-30-2021. So 1 current share of GE stock now should be worth 8 times the share bought at $32.50 on the OP's original post back on 2008. A share of GE should now be $260 (8 X $32.50).

GE closed at $86 last night. That is a loss of 67% and that does not even consider the loss due to inflation.
 
Regards,

Silver

http://tinyurl.com/kkctayx


"Discovery consists of seeing what everybody has seen and thinking what nobody has thought"..........Szent-Gyorgy