General Electric

Woe to those of us

That plowed into America’s Company.

Twas ’07, value was nowhere

GE’s juicy divvy was all we could see.


15x

With earnings that always grow.

How could we lose?

Our seeds we began to sow.


Drip down, drip down

Mother GE went

Average down, average down

Those reduced prices heaven sent!


Alas

GE finance roared an awful bite.

Low reserves, sketchy assets, short-term financed

Our portfolio balances became a sorry sight.


Jeff, I do like what you are doing

You inherited a mess.

And a high stock price to boot.

But I can be with you no longer (at least not at $20)

Earnings power impaired, all else is moot.