First, I don’t think you’ll see a management change. Ward: Unfortunately, I do see that as a very real Will the government have to come to the rescue in Payne: Speaking of Ken Lewis, they have gone to the Lewis-Bank of America and Merrill Lynch deal if you’re asked to sit inĪ room and buy something that may not be worth acquiring… Going to buy GE Capital? If they’re going to be brought to the table toīuy GE capital, there is a great deal of trouble in terms of really Talking about perhaps splitting off GE Capital. If GE Capital is a problem, they have to try and fix that first.Ī lot of people are talking about management changes. However, GE Capital is a real concern here. They may be struggling like every other industrial company with manyĭifferent business lines. GE as aĬompany, we want to be very clear, there are some great business lines The way the market is right now, you’re not necessarily going to beĪble to sell off any of these assets that are at GE Capital. Ward: Well, first off, it’s a very tough road. Management and B) we don’t know what the problem is? WhatĬan be done to restore investor confidence if A) we don’t believe in Payne: Well that’s a fantastic point you make. But realistically, management is a very large reason as to why I think the depths of the crisis are hard to pin down, itsĪbsolutely a crisis of confidence and management is talking about To get some insight into what is actually going on in the books. It is not part of a bank holding company where you are actually going It has been built upon a black box mentality. There, what else are we really left with? GE Capital continues to be That this is largely because of speculation. Yesterday from GE management, as we saw the stock fall to decade lows.Īnd unfortunately they used the word, in the very opening sentence, Payne: Where does GE go from here? I’m joined by Christian Ward of Ockham Research. Christian was asked to give a little bit of clarity on Under increased pressure as GE Capital is subject of much speculation This morning, Ockham CEO Christian Ward was interviewed by Fox Business Network’s Charles Payne about the plight of General Electric ( GE).Īs everyone has noticed in the last few months the GE stock has come Our custodian and stockbroker is Interactive Brokers, LLC.Fox Business Interview: Ockham CEO on General Electric Investors in traded securities, including but not limited to common stock, preferred stock and bonds, should be prepared to bear investment loss, including loss of some or all of the original principal.Ĭumulare does not provide tax advice and you are urged to consult with a qualified tax specialist before making any investment. Nothing on this website should be interpreted as a promise, representation or prediction as to the future performance of any portfolio managed by Cumulare. Historical performance is not necessarily indicative of likely future performance. Portfolio performance figures have been calculated internally by us and have not been independently audited and verified. Portfolio returns are shown net of all advisory / management fees and stockbroker commissions, but gross of all taxes. Website content is provided for information purposes only and is not a solicitation to buy or sell securities. Address 3389 Sheridan Street, Suite 270 Hollywood, Florida 33021. Cumulare Asset Management LLC (“Cumulare”), CRD# 288846.
0 Comments
Leave a Reply. |