SubscribeTDI Podcast 132: General Electric (GE) – Going to $0.01?
October 25, 2009
Guest: Marc Lowell of the Restructured Settlement Company brings us info on a much requested alternative investment. Andrew discusses the weekly market as well as the real value of General Electric (GE) from an eye opening article by Porter Stansberry. A few stocks to consider as well as the blowouts of the week. Where to next?
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Marc Lowell, CLU, ChFC, Managing Partner and President, JMH Financial Group and The Restructured Settlement Company.
In 1990, Marc was asked to help build a Florida based financial services organization which by 1999 became one of the most influential and recognized estate planning firms in the country. This success allowed his company to become one of the founding members of National Financial Partners (NFP), a N.Y. based firm headed by Jessica Bibliowicz, which has since become a publicly traded company on the NYSE.
After 3 years of continuing as a highly successful insurance and annuity producer for NFP, Marc along
with his partner, Joel Miller, broke away from NFP to form the JMH Financial Group. They have since formed numerous strategic partnerships with law firms, accounting firms, brokerage firms and other financial service organizations, all of which serve as referral sources of business. His latest venture as President of
The Restructured Settlement Company, has allowed him to build an organization from the ground up. In just under a year in business, they have become the largest distributor of Structured Settlements being purchased today in the secondary market.
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Charts and information discussed in this episode
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Stocks Mentioned in this episode: Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) General Electric (GE), Wells Fargo (WFC) CitiBank (C) among others.
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10 Responses to “TDI Podcast 132: General Electric (GE) – Going to $0.01?”
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I would like more info about this "GE going to $0.01" because there is no article link and you don't go into much detail. How is financing on debt with an interest rate of $0.00 to $0.25 going to bankrupt the company? That makes no sense. The Fed is not going to raise rates if it bankrupts GE, the recent past should show that as true. GE is not some community bank where no one cares if it shuts its doors. Plus, GE has $139 billion of its debt insured by the FDIC. $139 billion! I don't know what our government is doing but that is good for GE. Plus, we've seen that the government will not allow GE to go bankrupt, so the stock price is not going to $0.01. That guy must have GE shorted. Does he disclose that in the article?
Sorry, that should be interest rate of 0.0%.
Here is the article.
http://www.thedailycrux.com/content/3149/Porter_S...
After quickly looking, i don't see where he got an operating income of $2 million. Looking at 3Q results I see $2.5 Billion.
The CIT comparisons do scare me though.
On TDI podcast 129, Das noted that had GE collapsed there wouldn't be a market. The Fed & government have proven quite well they are prepared to throw much money at savings the banks, auto industry, and I expect GE as well if that were the need. It's one thing to say it's only worth $0.01, but another to say it's going bk.
On another note, just like you said A, when this new administration of hope and change came into power and changed their language from saying they'd be "creating jobs" to "create & save jobs", Mr. O's people are lauding how many jobs claim they've saved. It's a statistic that can't be proven. Transparency anyone?
On the other hand, it's been reported just how many jobs they've falsely claimed have been created.
It doesn't appear to me that this whole "hopey-changey" thing is going so well.
http://news.yahoo.com/s/ap/20091030/ap_on_bi_ge/u...
Re: The Disciplined Investor – New comment on: TDI Podcast 132: General Electric (GE) – Going to $0.01? No argument here
Folks, if GE is truly going to $0.01, you would want to be so short you wouldn't be able to see over your shoe tops because there is no way the indices would hold the March 2009 lows in this instance.
Andrew, 2 guest suggestions:
1. Allan H. Meltzer, author of "The History of the Federal Reserve Vol. I. He's working on volume II. Very smart guy. I heard a great interview with him recently.
2. Andrew Ross Sorkin, author of the new book "Too Big Too Fail". I have heard and read a couple of interviews with him. Very insightful look into the financial crisis and it looks to be a great read.
Thanks for all of the great TDI interviews, rants, ideas, and the book.
Thanks
Have had Sorkin on and scheduling him soon. Will look into Meltzer
A
Paul Krugman on the people harping on the "create or save" language:
http://krugman.blogs.nytimes.com/2009/11/02/no-sa...
recommend getting him as a guest, if possible
Alex – Thanks. Did you read the comments? Nobody was buying Crony Krugman's his snake oil.
The more the people in this country realize the vast amount that the govt. has 'insured'………………the faster rates will rise. Print money, stuff into the banks, expect bond auctions to continue forever….when the world starts demanding a little more money for the loan, things will unravel quickly. Rates can move without the Fed. The US runs the risk of the entire sham coming to light, then it will get interesting. I don't know about GE, but it will be the least of our worries.