Why ledude???. I agree with you long term, but short term, disagree with you.
First, how long do we need to wait till those large orders come since GE hasn't even taken delivery of the ones it has made. Notice Rene punted on that question today.
Second = why does the backlog have to be used up. A lot of that backlog is the GE avio order which won't be delivered till 2017 per them.
Third no vision no guidance, no indication of other big buyers such as RR or PW or Alcoa and the only indication Rene offered is it will be hard to even equal last year, this from a high PE growth stock. No wonder it got killed today.
I'd rathe take the tender, especially with the pps now and then consider buying back in assuming the stock trades well.
I've even considered betting on the tender by buying some of this stock. Heck can get an almost 3 dollar gain assuming the tender is completed.
I love the posters here who say GE should bid 90. LOL
I like the way GE played hardball with Elliot on the SLM deal. Sadly, there is a danger they may do it here as well although here at least they did extend. Elliot must be hurting a lot with a 8% minimum loss there and probably a 4 o 5 point loss here as well given today's action.
