Comments for GE - Stockpickr! Your Source for Stock Ideas

Comments for GE

Added By	Comments	Type	Date Added
husker3	bad ceo	Hate	November 11, 2009
rcvette	Bad Management	Hate	November 05, 2009
smithineichen	I started trading it and made money	Love	November 04, 2009
9047case	growth	Love	November 02, 2009
Davet634	Always have liked this one	Love	October 27, 2009
Debbie Merhman	too big to perform	Hate	October 27, 2009
barrons3	Sell - Price 15.84 on Oct. 19 by Singular Research GECS' [General Electric Capital Services'] earnings are down 94%; nonearning assets continue to grow, pointing to higher losses in future quarters; industrial-order trends remain flat; total revenues declined 20%, below our forecast of 10%. Operating profit of $1.97 billion was below our estimate of $2.94 billion, due to worse-than-expected performance from GECS. The loan portfolio continues to decline, but nonearning assets and allowance for losses continues to increase. GE Industrial revenues were down 13%. Orders of $18.4 billion were down 18% y/o/y and approximately flat sequentially. EPS declined 49.4% to 23 cents, below our estimate of 24 cents. GE reported a net tax benefit of $484 million or 5 cents per share. The consensus estimate was 22 cents. GECS revenues were down 31%, to $12.7 billion, and down 5% sequentially. GECS reported an operating loss of $1 billion, down from $333 million in Q209 and a profit of $1.6 billion in Q308. A tax benefit of $1.14 billion led to income from continuing operations of $133 million for GECS. GECS earnings from continuing operations were down 93.8% to 1 cent; GAAP EPS of 2 cents was off 91.2%. Real-estate assets contributed a loss of $538 million, more than twice that of $237 million in Q209. Total GECS nonearning assets increased to 3.93% of total, up from 2.79% in Q109. Asset quality continues to deteriorate. We're lowering our revenue forecast for Q409 due to the weaker-than-expected revenue trends. Our 2009E-EPS estimate declines to $1.02 from $1.05, due to the weaker than expected Q309 and our lower revenue expectations. We expect provision for loan losses to remain high, and we do not expect to see improvement here until second-half '10. We're decreasing our '10 EPS estimate to $1.01 from $1.13. We're increasing our price target...to 10, from 9.50, based on a 10 times multiple to our '10 EPS estimate. Market cap: $123 billion.	Love	October 24, 2009
WIRZBO53	UNDERVALUED STABLE COMPANY	Love	October 24, 2009
jbowser	Held this way too long	Hate	October 22, 2009
rjbakken	Into many good things-future	Love	October 19, 2009
bigeasy1777	In Obama's backpocket and that means in yours too.	Love	October 14, 2009
bpro50	Solid with good payoff	Love	October 13, 2009
tkarloff	Valuation	Love	October 12, 2009
j frit	badly run	Hate	October 09, 2009
barrons3	Grasso liked General Electric (GE) because it's in 200 countries, while Najarian tapped Cisco for its smart-grid play	Love	October 07, 2009
MIKEBUTTS	SPECULATION	Love	October 06, 2009
tomshet	global exposure	Love	October 02, 2009
greentree	So diversified its impossible to predict esp financials	Hate	October 02, 2009
cjt4ever	Great company and well managed	Love	September 30, 2009
barrons3	Instead, they will pick up Apple (AAPL), General Electric (GE)and Goldman Sachs (GS) to pretty up the balance sheets.	Love	September 30, 2009
onealluke	own this stock	Love	September 29, 2009
Karen Lang	Great Company	Love	September 28, 2009
CPSO227	they own everything	Love	September 21, 2009
mcoll	do nothing	Hate	September 21, 2009
KYHIghlander	Cost me a bundle, this new system they are developing will allow them to alter your heating and air settings. That is intrusion to me.	Hate	September 17, 2009
walburton	Has been too low for too long	Love	September 15, 2009
Glenn Smith	stock of the future	Love	September 15, 2009
satnam	i like there stuff	Love	September 14, 2009
sksainath	Has only upside at such low P/E	Love	September 12, 2009
dogara	Cheap	Love	September 12, 2009