GE's Azz Backwards Investing...

[GRG55]

LOL. Now that the stock price has fallen to new multi-year lows they finally decide to stop wasting the shareholders cash buying it back...

GE Cuts Forecast, Suspends Buyback on Market Weakness

...GE, whose businesses reflect a swath of the economy from jet engines to health care and the NBC television network, fell 72 cents, or 2.9 percent, to $23.87 at 9:42 a.m. in New York Stock Exchange composite trading. The shares had declined 34 percent this year through yesterday...

[phirang]

Re: GE's Azz Backwards Investing...

LOL. Now that the stock price has fallen to new multi-year lows they finally decide to stop wasting the shareholders cash buying it back...

GE Cuts Forecast, Suspends Buyback on Market Weakness

...GE, whose businesses reflect a swath of the economy from jet engines to health care and the NBC television network, fell 72 cents, or 2.9 percent, to $23.87 at 9:42 a.m. in New York Stock Exchange composite trading. The shares had declined 34 percent this year through yesterday...

They'd have been better off sticking with learjets...

[GRG55]

Re: GE's Azz Backwards Investing...

They'd have been better off sticking with learjets...

Or selling more wind turbines to T. Boone. Before he lost the $1 B.

[phirang]

Re: GE's Azz Backwards Investing...

Or selling more wind turbines to T. Boone. Before he lost the $1 B.

I wonder if T. Boone will even bother connecting the turbines to the grid, considering that his real ambition is to get access to those water rights...

[Supercilious]

Re: GE's Azz Backwards Investing...

I wonder if T. Boone will even bother connecting the turbines to the grid, considering that his real ambition is to get access to those water rights...

Yup. This is ridiculous.