Thursday, June 18, 2009

We must be in a bad shape.

GE just cut its dividend by 70%. When they lost their AAA rating, I did not take it very seriously. But cutting the dividend is serious as it's kind of a last resort item for blue chip companies like GE. But a 9.5% dividend yield on a stock is not very realistic either.

Hopefully this is not a permanent condition for GE.

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