GE analyst call

[Plush]

Would love to hear what you guys think of GE's analyst meeting today

[Islandman]

I only read the analysts reviews of the meeting. They seemed to have done a decent job at reducing the fears of the unknown. Even before the call the panic over GE Capital had calmed down somewhat, at least for now.

One big problem all these firms are facing is the trust issue. People just don't know what to believe anymore. When Madoff can run a billion dollar Ponzie scheme right in the face of the SEC for so long and you have to wonder.

What were your impressions?

[Plush]

The presentation is consistent with what I have been saying. GE is not forced to sell any of their properties and this puts them in a position to ride out the cycle. They will be affected by decreasse rents and default on loans but not to the extent that people were talking.

The follow-up Q&A session didn't suggest that there were alot of questions still remaining with the analyst present. Most seem to be concerned about the impact on rent for expirng leases.

Overall i think they delivered a strong message on the health of the company given the current times. However, as you said, it's whether or not the market will believe them. Trust is something that's not in rthe market right now and Madoff and AIG are good reasons why.
It was also interesting to note that many of the people managing the different businesses have more than 20 years experience and has been in their jobs for at least. They hav ethe required experience an dthey have seen different cyles before.

[Willi]

Hahahahah.

You think this is cyclical???

Stock up on heart attack medicine... a rude awakening is coming.

This is SECULAR.