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Name:	GoneFishin -	Reply
Subject:	QUESTION ABOUT GE
Date:	10/1/2008 8:55:55 PM

GE announced today that they will sell $12billion of common stock. They currently have 10 billion shares outstanding and have a capitaliztion of $233billion. The stock can be purchased on the open market. They are increasing the outstanding by approximately 5% and will dilute the earnings per share for the existing shareholders.

The share prices have been going down so why would anyone want to buy the new shares since the can buy them now on the open market?

Name:	rude evin -	Reply
Subject:	QUESTION ABOUT GE
Date:	10/1/2008 9:39:05 PM

Can't answer your question, but I'd rather have some of the Warren Buffett action..............$3 Billion of preferred stock at a 10% interest rate.

Name:	MartiniMan -	Reply
Subject:	QUESTION ABOUT GE
Date:	10/1/2008 10:34:59 PM

Very good question as I had not seen this. Seems like an awful time for a public offering. Current PE is 10.7:1 with a 52 week high over 19. They must be desparate for cash. Methink GE Capital has been up to no good.

Name:	roswellric -	Reply
Subject:	QUESTION ABOUT GE
Date:	10/2/2008 8:54:41 AM

GE has a very large financial component and I'll bet that is where they have a problem. They finance almost everything from fast food restaurants to joint ventures in commercial real estate. They may also be getting pressure from the recent run up in the Libor rates. I would bet that some of their joint verturer's debt is tied to the Libor.

And doesn't Boeing have production problems and don't they make the jet engines too?

I'd treat it as a financial company and stay away.

Name:	GoneFishin -	Reply
Subject:	Found the answer
Date:	10/2/2008 10:36:01 AM

Oct. 2 (Bloomberg) -- General Electric Co. raised $12.2 billion by selling 547.8 million shares at a discount of 9.2 percent to yesterday's closing price, giving it more cash to fund operations in the worst U.S. financial crisis since the Great Depression.

The shares were priced at $22.25 each, Fairfield, Connecticut-based GE said in a statement today. GE fell $2.23 to $22.27 at 9:55 a.m. in New York Stock Exchange composite trading.

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