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Thread: GE Kicked Out of Dow, the Last 19th Century Member Removed

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    gamewell45's Avatar Senior Member
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    GE Kicked Out of Dow, the Last 19th Century Member Removed

    Who would have ever thought that GE, who 20 years ago was one of the most powerful companies on the dow jones would end up getting kicked off of the Dow. back in the early to mid 90's I must have owned around 4,000 shares of the stock when it was considered gold. Fortunately, I sold off all of it by the late 90's just before it went downhill. Remember the old slogan "You can't spell greed without GE""


    Once the world’s most valuable company, GE will be replaced by Walgreens Boots Alliance Inc., the Deerfield, Illinois-based drugstore chain created in a 2014 merger. The change will take effect prior to the open of trading next Tuesday. Down 26 percent, GE is the worst performer in the Dow in 2018, as it was last year, as well.

    “It was an issue not of if, but when,” said Quincy Krosby, the chief market strategist at Prudential Financial Inc. “The GE that was dominant in the Dow in the ’70s and ’80s is no longer the same GE.”


    https://www.bloomberg.com/news/artic...member-removed
    God Bless America, God Bless our Military and God Bless the Police who defended the country against the insurgents on January 6, 2021

    Think 3rd party for 2024 folks. Clean up America.

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    Captdon (06-20-2018)

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    That is big news.
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    Captdon (06-20-2018)

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    Beevee's Avatar Senior Member
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    Now I realise why Boots (The Chemist) have been accused of shoddy practices lately.
    They have been acquired by an American enterprise so it now makes sense to me.

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    Common's Avatar Senior Member
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    Quote Originally Posted by Beevee View Post
    Now I realise why Boots (The Chemist) have been accused of shoddy practices lately.
    They have been acquired by an American enterprise so it now makes sense to me.
    Always with the american insults and you wonder why you are responded too the way you are.
    LETS GO BRANDON
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    I wonder what the real reason is for GEs decline, I know they sold their appliance line and they moved their Xray division to china.
    LETS GO BRANDON
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    edit
    Last edited by Peter1469; 06-20-2018 at 04:48 AM.
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    The quality of their products have been subpar in recent years. GE has also had a longstanding relationship with Graybar for their lighting products. Don't know if they'll maintain that relationship.
    IT'S JUST BORIS!





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    Quote Originally Posted by Common View Post
    I wonder what the real reason is for GEs decline, I know they sold their appliance line and they moved their Xray division to china.
    They also sold their plastics division along with their broadcast division in 2010.
    God Bless America, God Bless our Military and God Bless the Police who defended the country against the insurgents on January 6, 2021

    Think 3rd party for 2024 folks. Clean up America.

    Once I tell you that we agree to disagree there will be no more discussion between us in the thread so please don't waste your time continuing to argue your points because I will not respond.

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    Quote Originally Posted by Common View Post
    I wonder what the real reason is for GEs decline, I know they sold their appliance line and they moved their Xray division to china.
    They no longer have access to the fruits of crony capitalism. GE was the beneficiary of being friends with Obama. I suspect, in return, Democrats received loads of cash contributions. Think of it as sophisticated money laundering.
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.


    I pledge allegiance to the Constitution as written and understood by this nation's founders, and to the Republic it created, an indivisible union of sovereign States, with liberty and justice for all.

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