On GE

Looking at GE's single-digit share price of late, one might wonder if it's a bargain or otherwise.

Being nothing if not a parrot in puppy skin, will simply repeat what yours truly, last November, referred to others as having said:

Funny how Immelt has seen fit to remind shareholders several times recently how GE has a AAA rating, and yet they run to the FDIC to get $139B in debt backing, not to mention getting themselves on the do-not-short list back in September.

That was when GE was in the $20 range, a mere 50% or so haircut from its recent highs. Now, less mere, more haircut.