Eugene David
...The One-Minute Pundit

Tuesday, December 11, 2007


Poor GE Bancorp. Nobody likes it. Little Jeffy's only doubled its earnings and it's still selling for the same lousy $35 or so it's been selling at for years. We will not guess how much of those doubled earnings came from the sort of tricks so beloved of LEGENDARY WELCH, but for a company that big to break free of its rut its sales would have to break the bounds of financial gravity, DOW 36,000 style. Besides an elephant can eat only so much grass and get only so much bigger. And GE Bancorp, like other companies its size, is a big, rich FAT elephant.

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