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[QUOTE]Originally posted by BooDog: [QB] [QUOTE]Originally posted by invester: [qb] [QUOTE]Originally posted by BooDog: [qb] GE heading for double bottom GE Responds to Moody's Review Friday 01/30/2009 1:27 AM ET - Close-up Media Related Companies Symbol Last %Chg GEA 23.82 0.34% GE 12.20 -4.09% As of 11:30 AM ET 1/30/09 According to company officials, Moody's has placed General Electric Company's and General Electric Capital Corp.'s (GECC) long-term Aaa ratings on review for possible downgrade. In a release, the company noted: This review does not affect GE's and GECC's short-term funding ratings of Prime-1 (P-1), which were affirmed by Moody's. This action is a follow-up to Moody's December review of GE's 2009 operating plan. GE has outlined a plan for the year that is based on the difficult global economic environment we see. During the next few months, we will work constructively with Moody's on its review. Our objective is to maintain our Triple-A rating but we do not anticipate any major operational impacts should that change. We expect to deliver on the 2009 financial framework that we outlined last week. GE has taken steps to strengthen its liquidity position, including reducing GE Capital Services' commercial paper from $88 billion in 3Q '08 to $65 billion today. We have raised 64 percent of our long-term funding for 2009. The company has more than $50 billion in cash on hand. During 2008, GE increased its alternative funding by $25 billion and will continue to grow this funding in 2009 and beyond. ((Comments on this story may be sent to health*closeupmedia.com)) [/qb][/QUOTE]Boo, BobFry posted a post saying he was getting into GE at $14.75. I told him I thought it was WAY too soon as 51% of there business is GE Capital. Now, they might loose there AAA credit rating. They will then have to raise more capital through equity or debit markets. I think GE hits $10. [/qb][/QUOTE]Nice call Invester GEN ELECTRIC CO(NYQ: GE) NEW Real-time: 11.04 -0.22 (-1.95%) 11:03am EThelp Last Trade: 10.90 Trade Time: 10:47AM ET Change: 0.36 (3.20%) Prev Close: 11.26 Open: 11.09 Bid: N/A Ask: N/A 1y Target Est: 15.12 Day's Range: 10.66 - 11.20 52wk Range: 11.19 - 38.52 Volume: 55,151,445 Avg Vol (3m): 113,847,000 Market Cap: 114.02B P/E (ttm): 6.35 EPS (ttm): 1.72 Div Thanks for your help!!! YOU DA MAN!! :g: :u: [/QB][/QUOTE]
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