I started trading it and made money

growth

Always have liked this one

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.

UNDERVALUED STABLE COMPANY

Into many good things-future

In Obama's backpocket and that means in yours too.

Solid with good payoff

Valuation

Grasso liked General Electric (GE) because it's in 200 countries, while Najarian tapped Cisco for its smart-grid play

Bad Management

too big to perform

Held this way too long

badly run

So diversified its impossible to predict esp financials

do nothing

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.

cut dividend and no appreciation

I am underwater

ITS A DUD