Two More Comments From Floyd Norris Blog on GE

6.
April 13th,20089:50 pm
I was particularly shocked GE missed as well. When Immelt came on CNBC just over a month ago saying he was buying up shares I thought that was a pretty good sign GE may at least meet expectations.
That clearly wasn’t the case, and if GE (aka the most boring stock / company ever) can miss their earnings, so can every other stock out there.
TraderMDhttp://tradermd.wordpress.com
— Posted by TraderMD
7.
April 14th,20081:58 am
What we have seen from GE so far is only the tip of the iceberg. Experience shows that the first disappointment is rarely the last. The financial side is just beginning to crack and the industrial side of the business probably doesn’t look so hot either right now.
Why do analysts rely on guidance? With these large global conglomerates with a high finance content, they don’t have a clue. When it comes to managements they don’t either, as shown by recent experience.
Anyway, Floyd, there is no real research done any more by Wall Street.
— Posted by jimsep