It has to be said...GE is a giant hedge fund masquerading itself as an industrial & financial conglomerate. Now comes word from the SEC that GE lied about their earnings (what a shocker). GE has admitted that it wants to reduce their earnings that come from GE Capital (their ambiguous financial arm). On top of that, their "financial network" CNBC should change their name to "Continuous Nonsense Blasted Continuously". Not to mention their dealings with Iran.
Don't get me wrong..I like a lot of what GE makes. They are well positioned to capitalize on green energy (although they may not be selling as many windmills as they thought now that T Boone Pickens is backing off his plans for wind farms). They are also involved very nicely in the water industry. GE can improve itself, but it will require getting rid of its piss poor management and focusing on what made it a global titan...making innovative products that are simple yet worthy of a pent up demand. Then, it will become a dividend paying, steady growth company instead of some wacky bizarre mix of light bulbs, appliances, and subprime mortgages. Bear in mind this post is about GE as a company, not as the stock.
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