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Old 02-06-2019, 11:36 AM
Boomer Boomer is offline
Soaring Parsley
Join Date: Nov 2007
Posts: 3,693

Originally Posted by valuemkt View Post
I'm biased, as I spent 38 years there and collect a pension from them. Current CEO is the second worst in history, after John Akers. Think Jeff Immelt at GE for a comparison. All magic and mirrors. The dividend is VERY tempting, and if you Believe in the Red Hat acquisition, go for it. While I depend on that pension income, from a stock buying perspective, that's what ten foot poles are made for
Thank you. As soon as you said, “Immelt,” I remembered conversations about him. We did not work for GE but know people who did.

I remember conversations about Welch, too. During his reign, he took them into finance — the beginning of the end??

And then came Immelt.

I understand what you mean about magic and mirrors.

It has been sad to see the demise of GE. It was once known as a company that took care of its business and its people and its investors. But unrestrained greed is bad economics.

I appreciate your answer about IBM. The dividend and being so far off its 52-week high got my attention. But I don’t know anything about Red Hat. Thank you for the perspective.
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