General Electric | StockChase
873
General Electric (GE-N)

Last Price Recorded: $18.1500 on 2017-11-22

ON STOCKCHASE SINCE Oct 2000

electrical/electronic

General Electric


Signal Opinion Expert

2017-11-22

BUY
General Electric (GE-N)

Recently sold this from his taxable accounts for tax loss, with the intention of buying it back after 30 days. A new CEO has come in and the market was disappointed, but he doesn’t know what they were expecting. You want a CEO to “under promise” and “over deliver”. Investors are looking for a CEO who will “overpromise” and “hopes he delivers”, which is not realistic. He isn’t upset that the CEO is under promising to start with. Thinks it is going to take 2 to 3 years for the new CEO to prove himself. His new clients are buying this.

electrical/electronic
Norman Levine

Managing Director, Portfolio Management Corp

Price: $18.150
Owned: Yes

2017-11-21

SELL
General Electric (GE-N)

Wouldn’t bother with this. He doesn’t understand a lot of their decision-making right now. Just had their analysts’ day and have been pushing really hard to say they have to sell rail right now, when they are making it very clear to everybody that it’s the bottom of the cycle. If they have to sell those assets and are admitting it’s the bottom of the cycle, that says something about their balance sheet. If you own, he would get out.

electrical/electronic
David Fingold

VP and Portfolio Manager, Dynamic Funds

Price: $17.830
Owned: No

2017-11-10

DON'T BUY
General Electric (GE-N)

This is a mess, and not one that any individual is going to solve in a quarter or 2. Monday is a very important day, because they are doing an investor presentation. Earnings are likely not going to be much north of $1 a share. Their cash flow is in terrible shape. If they cut the dividend, which he expects, and lay the groundwork for a long-term recovery, the stock might have some legs into the low $20s. He wouldn’t want to be involved in its early days.

electrical/electronic
Gordon Reid

President, GoodReid Investment Counsel

Price: $20.490
Owned: Unknown

2017-11-08

COMMENT
General Electric (GE-N)

Has been a disappointing stock. It is pretty phenomenal what’s been happening with the company. The cash flow is going to be about half of what they originally guided. Then you start wondering if the dividend is safe. The plan for the new CEO is to start selling some assets and get the balance sheet debt down. It’s always tough with these types of turnarounds to see how successful he is going to be.

electrical/electronic
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment Management

Price: $20.120
Owned: Unknown

2017-11-07

DON'T BUY
General Electric (GE-N)

Looking at the relative performance of the industrial sector, it has really struggled to break out. However, underneath the surface, machinery has been unbelievably strong, aerospace and defence has been incredibly strong, electric components has recently broken out. What held the sector back are the conglomerates, which includes General Electric. They had a very sloppy quarter and not all questions were addressed. This is definitely not the time you would buy this.

electrical/electronic
Cameron Hurst

Chief Investment Officer, Equium Capital Management

Price: $20.210
Owned: Unknown

2017-11-02

COMMENT
General Electric (GE-N)

Had never liked this because GE Capital masked a lot of the other returns, so the stock used to trade at a huge multiple because of their so-called stable earnings. It was a massive finance company that could manipulate the earnings. In 2008, it became unstable. They have a new CEO who has to 1) take a lot of costs out, 2) sell a lot of businesses and 3) cut the dividend. They’ll be having their investor day very soon, and thinks they should cut the dividend. Probably a great buy between $15 and $20.

electrical/electronic
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $19.940
Owned: Unknown

2017-11-01

DON'T BUY
General Electric (GE-N)

He would stay away from this at this time. Think of it as the Titanic trying to turn like a speedboat. A mega company that is making major, major changes, especially in terms of selling assets and acquiring businesses. A couple of years ago, they sold off $70 billion of their GE capital assets. That allowed them to give up their banking charter and lower their capital requirements. Throughout all this, they did the largest acquisition in history, which they are still trying to digest. There are a lot of integration risks.

electrical/electronic
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $20.020
Owned: No

2017-10-31

PARTIAL BUY
General Electric (GE-N)

A concern he has is the potential of a dividend cut in November. Most analysts are encouraging them to cut the dividend to help right side the ship. There is a lot of value in a company like this if they can turn it around. They started to turn the company around about 6 months ago, and doesn't think you are going to see much until Q4 of 2018. He would recommend buying half around the dividend cut. Being a tax loss candidate at the end of the year, Buy your 2nd half in late December, post tax loss selling, or early next year as you get more clarity. It sets up for a nice trade. Dividend yield of about 4.8%.

electrical/electronic
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital Corporation

Price: $20.160
Owned: No

2017-10-30

COMMENT
General Electric (GE-N)

Used to be a bellwether stocks; as went General Electric, so goes the market. It has moved away from that. He likes that there is a spot in 2015 that we are pretty close to right now. This is coming back to a long-term trend. If it drops 2%-3% below, it is probably going to revisit some lower number. Bottom fishing is only good if you've got someplace to hang your hat. A good risk/reward.

electrical/electronic
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $20.410
Owned: Unknown

2017-10-26

WATCH
General Electric (GE-N)

It’s amazing how much good publicity Jeffrey Immelt got. The stock performance under his tenure was just terrible. He is gone now, and it looks like the new guy just wants to clean house. The debt was put on credit watch this past week, meaning that even the bonds are coming under pressure. It might be a little early to get into this. He would like to see something good come out of the company before he bought the stock.

electrical/electronic
John Burke

CEO & CIO, Burke Financial Strategies

Price: $21.320
Owned: Unknown

2017-10-24

BUY
General Electric (GE-N)

This could follow a similar pattern of Walmart, the worst performing stock on the Dow, but has been a home run since. Has a new CEO in place, who is doing what most CEOs are doing, trying to clean up the mess they inherited, selling off non-core businesses and trying to repair the balance sheet. Thinks this is going to be significantly higher in value 3 or 4 years from what it is today. Dividend yield of 4.4%, which he is comfortable with.

electrical/electronic
John Petrides

Managing Dir. & Portfolio Manager, Point View Wealth Management

Price: $21.890
Owned: Unknown

2017-10-23

WATCH
General Electric (GE-N)

He would hold it until the team turns it around.  The action in the market is such that they laid out a plan to go forward.  They have two sectors that are not good and he thinks they have a plan for that.  The turbine business was also disappointing.  He is going to give them some breathing room rather than sell into this.  He will watch over the next weeks and months.

electrical/electronic
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $22.320
Owned: Yes

2017-10-20

SELL
General Electric (GE-N)

The stock went down on the open, but then rallied back. His rule is that if values go down and then can rally back, it usually means Shorts are covering. The question going forward then is, did we close at a higher price than yesterday or is the closing price high enough to indicate new buyers coming in. He wanted this to close above $24, but it didn’t, so it looks like the downward trend will continue.

electrical/electronic
William Chin

Portfolio manager, Caldwell Investment Management

Price: $23.830
Owned: Unknown

2017-10-17

PAST TOP PICK
General Electric (GE-N)

(A Top Pick Aug 29/16. Down 23%.) They are going to report earnings this week, and if it went through his EBV+3 at $20.66 he would be buying more. They did the hard work of removing a totally inept CEO. The stock has gone nowhere in 17 years. Hopes this is a big turnaround. Flannery is the new CEO and gets to have the third-quarter report, and we’ll see what happens.

electrical/electronic
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $23.190
Owned: Yes

2017-10-11

HOLD
General Electric (GE-N)

This has lagged the market and its industrial peers. They have gone through a lot of change, getting out of their financial services in order to grow their industrial segment. Have a new CEO and there will be a new CFO coming in. Earnings target for next year was set by the previous CEO, but that is probably not going to be made and the stock has been coming up. The dividend yield is over 4%. Even high quality industrial companies tend to have a yield of around 2.5%, so the company may reset the dividend.

electrical/electronic
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $23.070
Owned: No

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