Replies to post #797 on GE Aerospace (GE)

[I-Man]

This is so sad to see the largest capitalized corp in this scenario. They cut dividend as well and I keep thinking back about 2 years ago when ENT (Enterra Energy Trust) was first to cut divis when all this real estate collapse started to unfold in August 2007 to offset debt and get to cash, and people called them names and made fun of them for doing so and sold it to nothing; but it still survives today.

GE and other major large caps have now cut divis in this climate and I wonder where all the name calelrs are seeing so many once major large cap issues now even penny stock levels today!!!

[IPO$]

An insider thinks his GE stock is cheap! He knows more on the inside that those making judgments on the outside.

[mkendra]

UPDATE:Four GE Insiders Purchase $1.38M Worth Of Company Stk

Mar 2, 2009 18:45:42 (ET)


(Updated to include additional stock purchases by insiders and closing stock price.)

DOW JONES NEWSWIRES

Four insiders at General Electric Co. (GE) reported Monday purchasing $1.38 million worth of company stock.

The purchases were all made on Monday at prices ranging from $7.59 to $8.26 a share, a day when GE's stock price ranged from $7.51 to $8.30 a share.

Vice Chairman Michael Neal filed two purchase reports with the Securities and Exchange Commission. He bought 50,000 shares for $7.90 each and 25,000 shares for $7.59 each, for a total purchase price of $584,750, according to data provider Washington Service.

Chairman and Chief Executive Jeffrey Immelt purchased 50,000 shares at $8.26 each, for a total purchase of $413,000, according to the filings.

Also Monday, Director Ralph Larsen bought 30,000 shares at $7.65 each, or $229,500; and Director Claudio X. Gonzalez purchased 20,000 shares at $7.75 each, or $155,000, according to the filings

Shares of GE closed Monday at $7.60, down 10.69%.

-Brian Kalish; Dow Jones Newswires; 202-862-1350; [e-mail]

(END) Dow Jones Newswires

March 02, 2009 18:45 ET (23:45 GMT)