Some wild stuff going down with GE today...

[WVUCOOPER]

Interesting to see how it shakes out.

"Markopolos, who raised red flags about the ponzi-scheme of Bernie Madoff years before it fell apart, targeted GE in an investigation for which he is being paid for by an unnamed hedge fund. The financial investigator says he gave the report to this hedge fund, along with regulators, before its public dissemination on Thursday and that the hedge fund has made bets against GE’s stock.

He writes that after more than a year of research he has discovered “an Enronesque business approach that has left GE on the verge of insolvency.” His investigation centers around accounting irregularities in GE’s long-term care insurance business and oil and gas business."

 

[bamaEER]

Interesting to see how it shakes out.

"Markopolos, who raised red flags about the ponzi-scheme of Bernie Madoff years before it fell apart, targeted GE in an investigation for which he is being paid for by an unnamed hedge fund. The financial investigator says he gave the report to this hedge fund, along with regulators, before its public dissemination on Thursday and that the hedge fund has made bets against GE’s stock.

He writes that after more than a year of research he has discovered “an Enronesque business approach that has left GE on the verge of insolvency.” His investigation centers around accounting irregularities in GE’s long-term care insurance business and oil and gas business."

Uh-oh. This can't be good.

 

[WVUCOOPER]

Uh-oh. This can't be good.

The guy has a good track record, but his pay is solely based on how much the unnamed hedge fund makes off shorting GE.

 

[boomerwv]

The guy has a good track record, but his pay is solely based on how much the unnamed hedge fund makes off shorting GE.

Hire a guy to investigate a company.....short that stock........then publicly release the report accusing the company of widespread fruad.

Even if the accusations are true this, in my opinion, is crossing the line by trading on non-public information. Markopolos had to have some access to insider information to conduct this investigation.

 

[Pospecteer]

GE has been a mess for a while. They went all-in with Obama and green energy. Jack Welch has to be pissed about how far it has fallen.

 

[WVUCOOPER]

Hire a guy to investigate a company.....short that stock........then publicly release the report accusing the company of widespread fruad.

Even if the accusations are true this, in my opinion, is crossing the line by trading on non-public information. Markopolos had to have some access to insider information to conduct this investigation.

Certainly feels odd...not sure I'm ready to all but guarantee insider trading. Those are some pretty MASSIVE stones by him and the hedge fund to go public about this if there's even a whiff of wrongdoing. Then again, greed can make smart people stupid. Like I said....it's interesting.

 

[Airport]

GE has been a mess for a while. They went all-in with Obama and green energy. Jack Welch has to be pissed about how far it has fallen.

Hopefully he got rid of his stock on the down low

 

[DvlDog4WVU]

GE has been a mess for a while. They went all-in with Obama and green energy. Jack Welch has to be pissed about how far it has fallen.

The Jack Welch model set them up to be gutted. I’m watching it in a couple of other companies. They “leaned” out their ability to be dynamic and reflexive. He was all the rage when they were turning the profits but it left GE hollowed out. The GE green revival also aided in their destruction.

That company is as toxic as it gets.

 

[mule_eer]

The Jack Welch model set them up to be gutted. I’m watching it in a couple of other companies. They “leaned” out their ability to be dynamic and reflexive. He was all the rage when they were turning the profits but it left GE hollowed out. The GE green revival also aided in their destruction.

That company is as toxic as it gets.

I was invested in GE in the oughts. I had to ride out the price drop and buy up some stock cheap when it tanked. I managed to get a little past a break even point and dump it. Jeff Immelt was the CEO when all of that was going on.

 

[Pospecteer]

The Jack Welch model set them up to be gutted. I’m watching it in a couple of other companies. They “leaned” out their ability to be dynamic and reflexive. He was all the rage when they were turning the profits but it left GE hollowed out. The GE green revival also aided in their destruction.

That company is as toxic as it gets.

agreed

 

[boomerwv]

Certainly feels odd...not sure I'm ready to all but guarantee insider trading. Those are some pretty MASSIVE stones by him and the hedge fund to go public about this if there's even a whiff of wrongdoing. Then again, greed can make smart people stupid. Like I said....it's interesting.

Wouldnt giving the report to the fed make it privileged information? You know that there is an investigation at SEC that public doesnt know about and you short it based on that?

Martha Stewart went away for much less.

 

[WVU82_rivals]

 

[WVU82_rivals]

 

[Original Mountaineer1]

The Jack Welch model set them up to be gutted. I’m watching it in a couple of other companies. They “leaned” out their ability to be dynamic and reflexive. He was all the rage when they were turning the profits but it left GE hollowed out. The GE green revival also aided in their destruction.

That company is as toxic as it gets.

I work with a firm that employs the same model. No firm should tolerate poor performance but I can’t understand using a model that creates the toxic workplace as you mention. The bottom half fight, claw and backstab not to fall into the lowest 15% where you are officially placed on watch list to be fired..... crazy.

 

[Walter Brennaneer]

I work with a firm that employs the same model. No firm should tolerate poor performance but I can’t understand using a model that creates the toxic workplace as you mention. The bottom half fight, claw and backstab not to fall into the lowest 15% where you are officially placed on watch list to be fired..... crazy.

Obama and his so-called renewable policy was GE's biggest mistake. GE getting in bed with Obama was their downfall. Still the most corrupt President to ever hold office in the US. Except for your beloved Jefferson Davis. So glad that POS was never POTUS.

Did you have TEA and CRUMPETs at the Rebel monuments today and pay tribute to all your previous relatives that were slave owners. You're the biggest hypocrite and lying SOB on this board.

 

[Original Mountaineer1]

Obama and his so-called renewable policy was GE's biggest mistake. GE getting in bed with Obama was their downfall. Still the most corrupt President to ever hold office in the US. Except for your beloved Jefferson Davis. So glad that POS was never POTUS.

Did you have TEA and CRUMPETs at the Rebel monuments today and pay tribute to all your previous relatives that were slave owners. You're the biggest hypocrite and lying SOB on this board.

I take it you don’t like me. I am not sure what you mean by tea and crumpets at rebel monuments. I guess I missed something

 

[Snow Sled Baby]

Interesting to see how it shakes out.

"Markopolos, who raised red flags about the ponzi-scheme of Bernie Madoff years before it fell apart, targeted GE in an investigation for which he is being paid for by an unnamed hedge fund. The financial investigator says he gave the report to this hedge fund, along with regulators, before its public dissemination on Thursday and that the hedge fund has made bets against GE’s stock.

He writes that after more than a year of research he has discovered “an Enronesque business approach that has left GE on the verge of insolvency.” His investigation centers around accounting irregularities in GE’s long-term care insurance business and oil and gas business."

I blame Trump.....everything is his fault...right?