Any thoughts on the comments from GE about shedding its ownership of Baker? I hadnt heard any rumblings regarding that so the comments took me by surprise.
agdaddy04 said:
Was just with a Baker guy from Tomball yesterday and he said they were in talks just this week about moving to GEs office.
Kenneth_2003 said:
Which side does GE want? Oil Field Services or Oil Tools?
I figure there is cashflow or royalty money from Baker Oil Tools IP?
Why? They fell down in to the $16s because nobody realized they were holding billions in reinsurance on home care insurance policies for old people. It was supposedly common knowledge that most of GE Capital had been wound-down. This company is a train-wreck and there are likely the be more pitfalls that will expose themselves in time.aunuwyn08 said:
I got in at 23, but will double down at 15.
Sad to see what has become of the Shinehart Wig Company.TriAg2010 said:Why? They fell down in to the $16s because nobody realized they were holding billions in reinsurance on home care insurance policies for old people. It was supposedly common knowledge that most of GE Capital had been wound-down. This company is a train-wreck and there are likely the be more pitfalls that will expose themselves in time.aunuwyn08 said:
I got in at 23, but will double down at 15.
aunuwyn08 said:
My post was made well before that happened, and now given the SEC investigation I won't choose to expose myself to more GE risk at any price until that clears. I'm not selling my current position however since my time horizon is decades.
I believe it still has some room to fall. Still no clear guidance plus the recent insurance hook they're on.CPDAggie10 said:
GE now under $15. Are we at the bottom now? Is anyone buying? or are they staying at these levels until they get it figured out.