@Basement_Gainz
That was my “industrials” comment.
Jet engines, oil/gas division (admittedly purchased), power generationof all stripes, heavy transportation, even household electronics.
I wouldn’t know the direct cross pollination between these units, but with their extreme build / sales cycles, probably good to be cranking out toasters while waiting on Boeing order for 300 engines or the occasional dam project.
But they put a ton of faith in financials (2008 ish nearly killed them) because money lender = virtually money tree with no depreciation of capital asset, like most manufacturing.
1 fishy point to me was - disclaimer saying info released to 3rd party in advance of pre report.
GE saying hedge fund… really?
That seems illegal as hell if fund shorted the hell out of GE before drop.
Of course, if they did, they can always reload on low.
Wow.
@treco
I actually went to the GEfraud.com and looked at their source material list. It is all of GEs publicly available reports (10-k’s and such). So they took information available to absolutely everyone, sifted through it and wrote a book… then gave that book to the hedge fund before they gave it to the public.
That just doesn’t seem like insider trading to me. Given that these guys investigate securities fraudsters for a living they probably know the SEC rules.
This is the nail. If they didn’t require non public material to come to their conclusion, they’re rock solid on this one, as the hedge fund would be.
They basically went OCD obsessive on what a hedge fund analyst would do if they didn’t have 10000 other companies to look at instead of an oldschool mainstay.
I know there’s weird laws about market manipulation. So if there are material inaccuracies or outright fraud in the book then GE can sue their assets off. But otherwise I concur with you that they’re in the clear.
I don’t disagree that info divulged in SEC approved format is not insider trading. Analysts give hold/accumulate reports endlessly that are likely front traded by their own companies. Or shopped for exchange in companies they don’t analyze.
But even those detailed reports give top line performance vs goal, pertinent market changes, supply disruptions, etc. They don’t scream - more fraudulent than worse acct fraud ever (well other than “inflation”).
And why divulge to a hedge fund in advance? Why, other than to profit?
Bottom line - Trump strikes again. ;7)
I’m for invading Greenland. Fuck that place. However why waste nukes the glaciers are dying out on their own. We use a few nukes on them and we may run out of nukes.
It’s for science. We don’t have a good idea of exactly what happens when you detonate a thermonuclear bomb inside a glacier, nor do we know exactly how cool it will be. We also don’t know what’s underneath the glaciers, so it would be like getting two birds stoned at once.
