Wednesday, January 25, 2017 12:59:16 PM
Why would anyone buy this stock right now apart for a short term flip, PPS to low to short now but seemingly not massive buying interest either, Anyone who has been long on this has ignored more red flags than 10 seasons of Nascar. The CEO is just a crooked turd who has nothing but disdain for his shareholders and the company has milked the longs for over 9 years, it has one orchestrated moment in the sun due to a tiny float after a R/S for a couple of days in November before GE screws his shareholders over a couple of times since.
The company is structured in such a way the GE has total control and that is never a good thing for a public listed stock, he does as he pleases and damn the shareholder.
Is it worth more than the current PPS, perhaps but while every GE is in charge i would not touch this turd with a barge pole on the long side.
Every deal GE does is for his own enrichment, not the shareholder, buying those Gas Carriers with fresh shareholder money is a perfect example, no doubt somewhere down the line GE will get control of them for a fraction of their value as payment for debt he owns.
It just amazes me people are still wanting to be long here based on the history of this turd. So many articles out there even dating back to 2007 warning you this guy and his stock are bad to the bone and bad for your pocket, IMO he belongs on American Greed.
GL here, longs will likely need all they can muster.
Couple of pictures of George at work
The company is structured in such a way the GE has total control and that is never a good thing for a public listed stock, he does as he pleases and damn the shareholder.
Is it worth more than the current PPS, perhaps but while every GE is in charge i would not touch this turd with a barge pole on the long side.
Every deal GE does is for his own enrichment, not the shareholder, buying those Gas Carriers with fresh shareholder money is a perfect example, no doubt somewhere down the line GE will get control of them for a fraction of their value as payment for debt he owns.
It just amazes me people are still wanting to be long here based on the history of this turd. So many articles out there even dating back to 2007 warning you this guy and his stock are bad to the bone and bad for your pocket, IMO he belongs on American Greed.
GL here, longs will likely need all they can muster.
Couple of pictures of George at work
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