Comments on: Extensive Interview with GE’s Immelt

By: super_trooper

super_trooper — Sat, 07 Feb 2009 07:37:43 +0000

Sounds more like an interview with Mr BS. the teenager. It must have hurt when he pulls BS from his rectum. You messed up with your earning prediction. You didn’t know where the market was, you didn’t see it coming. You’re unable to explain why it is so important not to cut dividends even when earnings have been cut.
How many time can you “look”? And the heavy misuse use of “again” makes me think you’re and addict, again. Well done. You deserve a fat bonus.
Disclosure, I do not own any stocks in GE. I have bought some products.

By: mark mchugh

mark mchugh — Fri, 06 Feb 2009 22:07:57 +0000

Thanks Ben,

What really makes me nervous is imagining all the ways GE’s debt could be used, abused and accounted for in the various “cash for trash” programs. Thanks to the opacity of the Fed (Jeffy’s one of the directors) I really don’t know what’s going on there. But what I’m imagining really isn’t good…..

By: ben22

ben22 — Fri, 06 Feb 2009 21:04:10 +0000

Mark,

agreed that 60 billion number was pulled directly out of his ass, he should shove it back up there because it’s wrong. None of the company figures I can access indicate they have anywhere near that amount in cash. This is probably why at the beginning he would not admit that a lot of the div is being paid from cash flow.

I found him to be a little smug here, notice how almost all answers to questions start with

look, ….

By: mark mchugh

mark mchugh — Fri, 06 Feb 2009 03:58:21 +0000

Jeffy says they’ve got $60B in cash (yahoo finance only knows about $12.3B), which is plenty to keep the dividend.

Hmmmm$97B in current assets, $273B in current liabilities,

Let’s see….. 97 – 273 = $60B in cash (?) ….um oh, but they had $173B in revenue last year…..

So maybe it’s 270-273 = $60B, anyway, the important thing is lots of cash….somewhere.