GE: Dismal Earnings, Blasted Credibility

Deane Dray, an analyst at Goldman Sachs, said in a note to investors Friday that the earnings miss and lowered guidance “raises credibility concerns for GE over the near-term, given that CEO Jeff Immelt had expressed confidence and reaffirmed guidance and operating targets on his March 13 retail Web-cast. This implies that the back half of March deteriorated significantly, which is especially unnerving.”

They should sell off NBC. They could pay off their bond holders, boost their cash reserves, and invest in the company.