Tag Archives | GE

One too many raw deals for shareowners

I recently wrote an article published exclusively on Seeking Alpha, entitled, “Why GE’s Buyback is a Raw Deal for Shareholders.” Share repurchase programs are trumpeted out and rarely questioned.  I believe that many, but not enough, investors understand that buybacks can be largely self-serving and hardly in shareowners’ best interests. I encourage you to read […]

Facebook Twitter More...
Continue Reading ·

GE’s undervaluation and poor corporate governance

General Electric’s (GE) annual shareowner meeting is tomorrow (Weds.) in Detroit. I urge those that haven’t voted to do so as soon as possible today to ensure votes are counted. To help make readers better informed and to generate discussion, I prepared two write-ups surrounding GE’s annual meeting: (1) a review of each item for […]

Facebook Twitter More...
Continue Reading ·

Proxy statements underrated, a critical review of GE

I have heard from fellow value investor Jacob Wolinsky (of ValueWalk) that Paul Sonkin, manager of the Hummingbird Value hedge fund, believes proxy statements are the most underrated of statements; Wolinsky perhaps inspired by that says rather than refer to the 3 key financial statements it really should be “4.” I couldn’t agree more. As […]

Facebook Twitter More...
Continue Reading ·

Reuters publishes Nader’s entreaty to Cisco, blocks comment

Great to see Ralph Nader write something on the very important matter of dividends and stock buybacks, see, “It’s time for Cisco to cough up shareholder cash.” (Hyperlink visible in full article view) And great to see it published by a mainstream outlet like Reuters. Billions of dollars, if not tens of billions, at companies […]

Facebook Twitter More...
Continue Reading ·

GE, Gibson Dunn vs. SEC & Me Take II

Serendipitously on Martin Luther King, Jr. Day, I was able to relay great news for shareowners of General Electric (GE) and all publicly-traded companies. The SEC ruled the prior week that GE cannot omit my critical proposal (hyperlink appears in full article view; see page 2 of PDF) requesting its board reexamine dividend policy. GE has […]

Facebook Twitter More...
Continue Reading ·

When the proxy system works: SEC allows critical dividend proposal at GE

As I pen this article on this day of remembering/honoring Martin Luther King Jr., an icon of activism, I am elated to share great news for General Electric (GE) and all public equity shareholders alike: the Securities and Exchange Commission has informally ruled that GE cannot omit my proposal from its 2012 Annual Meeting and proxy statement. […]

Facebook Twitter More...
Continue Reading ·

The high price of GE’s stock repurchases

Beware the stock buyback story. While Berkshire Hathaway (BRK.A) (BRK.B) investors and the media were mostly pleasantly surprised by the company’s (i.e. Buffett’s) announcement yesterday saying it may buy back its stock under certain conditions, the situation is quite different at General Electric (GE). The most recent buybacks at GE have cost approximately $30/share, which […]

Facebook Twitter More...
Continue Reading ·

Privilege trumps posterity at General Electric

The vote results from General Electric’s (GE) annual meeting held on April 27th were filed with the SEC on Tuesday.  A “5th grader” reviewing the results could easily see that General Electric prevailed overwhelmingly: in reelecting its directors, approving executive pay, and voting down shareowner proposals. I question whether GE’s board and its executives could […]

Facebook Twitter More...
Continue Reading ·

Powered by WordPress. Designed by Woo Themes