No, it won't. Buffet & Co. bought 'preferred' shares only. The purchase is like a loan, and no matter what happens to the company as a whole, preferred shares are paid FIRST. But in this case, Buffet is paid, ta DISown GE. And at a premium.
Fuckin' GE has too many divisions, and little businesses run outa garages, and basement workshops 'round the world...that dilute its real worth as a 'global' business. Sure they do a ton of things right, but their mistakes outweigh those rights, and shares in GE suffer.
Last I looked GE common was about $16 or so. Pretty damn paltry for a multi-billion dollar powerhouse! And I can't sell now because I'd lose way too much cash! Fuckin' Immelt!
This will make Uke happy.
GE to Buy Back Shares From Buffett Next Month
http://www.cnbc.com/id/44508380
Fuckin' GE has too many divisions, and little businesses run outa garages, and basement workshops 'round the world...that dilute its real worth as a 'global' business. Sure they do a ton of things right, but their mistakes outweigh those rights, and shares in GE suffer.
Last I looked GE common was about $16 or so. Pretty damn paltry for a multi-billion dollar powerhouse! And I can't sell now because I'd lose way too much cash! Fuckin' Immelt!