JHZR2
Staff member
Originally Posted by Mr Nice
GE is in big trouble as their shady and very sketchy accounting practices are being revealed (think Enron).
Short sellers can make some easy $$$ now that the hidden skeletons are found.
GE should be a $3 stock...... and that's being very generous.
Says someone who I thought works for GE?
Strange. Yikes!!
The whole thing is unfortunate, and I know they have been shedding business units, but I have doubts that an industrial conglomerate like this, with manufacturing, IP, etc. is truly what you say. Enron was a trading platform as much as anything else, IIRC, and they created limited partnerships to hide losses. The amount of real, tangible production capability and IP was limited if any. GE is different. Think aviation alone...
Fraud and accounting is a big deal none the less.
Originally Posted by dishdude
Did I read they're calling this GEnron? The GE CEO bought $2 mil in GE stock yesterday fwiw.
Big insider buys to attempt to show confidence in the company is a common tactic.
GE is in big trouble as their shady and very sketchy accounting practices are being revealed (think Enron).
Short sellers can make some easy $$$ now that the hidden skeletons are found.
GE should be a $3 stock...... and that's being very generous.
Says someone who I thought works for GE?
Strange. Yikes!!
The whole thing is unfortunate, and I know they have been shedding business units, but I have doubts that an industrial conglomerate like this, with manufacturing, IP, etc. is truly what you say. Enron was a trading platform as much as anything else, IIRC, and they created limited partnerships to hide losses. The amount of real, tangible production capability and IP was limited if any. GE is different. Think aviation alone...
Fraud and accounting is a big deal none the less.
Originally Posted by dishdude
Did I read they're calling this GEnron? The GE CEO bought $2 mil in GE stock yesterday fwiw.
Big insider buys to attempt to show confidence in the company is a common tactic.