Tuesday, October 30, 2018

The Market, Energy, Political Page, T+76 -- October 30, 2018,

The real question: which company will need a bailout first? Tesla or GE?
GE: cut its 24-cent dividend to 12 cents in September, 2017; today it cut its 12-cent dividend to one penny; this will save the cash-starved company around $4 billion; but, it's actually worse than it looks;  misses on both revenues and earnings; a loss of $1.15 vs earnings of 39 cents yoy; adjusted, earnings were 27 cents but that still missed estimate of 28 cents (wow); revenues? $31 billion for the quarter but missed estimates of 32 billion. GE shares dropped another 8% today and is now trading at around $10.22.

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