Replies to post #3414 on GE Aerospace (GE)

[hopester]

Gunslinger- GE's Buyback below link

http://www.forbes.com/sites/robertlenzner/2014/09/06/do-you-seriously-want-to-be-rich-then-buy-back-shares-and-raise-the-dividend/

Oh I checked my facts and here they are. Read on ; GE- $45 billion thru 2012 from 2003. And they continue buying back. I'll get that number too if you can't find it.
Now check your facts.


As respects the lenght of his tenure, your probably right. He's been a loser longer than 10 years.

GL if you own it.

[Prudent Capitalist]

And the share price of GE is down 35+% since Immelt took over. His tenure as CEO has been a total debacle and a disaster for investors who held GE shares when Immelt took over 13.5 years ago. All of this was detailed last week in the Wall Street Journal, including the fact that Immelt has sold off 60% of the businesses and company built up by Jack Welch which had made GE the greatest publicly traded company in the World. Back then GE was trading up around $50 - $60 per share, and in the nearly 14 years Immelt has been at the helm he has never even been able to retake the $45-$50 stock price range. Just pathetic.

Of course, I am guilty of holding all these years since back in the glory days. Just never thought the great GE could be dismantled and taken down so far in this fashion.