Posted
10:49 AM
by Gene
OH oh:"There is a point where they are going to have to do something," says Paul Jackson, a money manager who runs his own firm in Newton, Mass. Jackson has owned GE for a while, but if other stocks keep rising while this one stalls, "there might come a time when our clients tell us to sell GE," he says.
Matthew McCormick, of Cincinnati money manager Bahl & Gaynor, is blunter. "[GE] has to find a way to reward shareholders, or someone will come in and force them to make changes for shareholder value," he says.
For Immelt & Co., the clock is ticking.The nice thing is GE BANCORP would make a MIGHTY expensive acquisition. Maybe the Chinese could do it.
Tick...tick...tick...tick....
P. S. And this at the end of another press release from an INDEPENDENT (Nyuk! Nyuk! Nyuk!) financial news-gathering outfit. Yep, SLIME can only do better.