Author Topic: General Electric And Pandora's Box Summary GE's ongoing troubles remind me  (Read 141 times)

Offline Zhixiu29

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General Electric And Pandora's Box Summary GE's ongoing troubles remind me
« on: January 20, 2018, 07:39:50 AM GMT GMT »
Summary

GE's ongoing troubles remind me of the myth of pandora berlocker.

The January 16 "Insurance Update" convinced me that GE is no longer a dividend growth opportunity.

I closed my GE position and redeployed those funds into more shares of 3 dividend stocks in the portfolio.
That was then...

I've written 3 articles about General Electric (GE). The first was a June 2017 article which asked if pandora ringar was in a position to succeed. If I had known then what I now know, I would have said, "Possibly, but it will be a tough hill to climb."

My October 2017 article, "Clarity About The GE Dividend," was an attempt to inject some humor into a difficult topic (the 50% dividend cut), and my bottom line was the I now viewed GE as "cash available for deployment." Several of my friends said I should have turned it into cash then. They were right. As other opportunities arose, I asked myself, "Would I rather spend cash to buy this stock or would I rather sell some GE to buy this stock?" I sold 20% of my GE shares in mid-November at $18.28 and used that money to pandora berlocker of Magellan Midstream Partners (MMP) at $65.00.
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