The hits just keep on coming for General Electric
It was once one of the few AAA-rated corporates, now its B-rated after a two-notch downgrade. Shares haven't bounced in the past two days and the latest earnings report was terrible. The dividend is down to 1-cent, which isn't exactly a comforting margin for bondholders.
What a disaster this company has been. Jeff Immelt will do down as one of the worst CEOs of all time.
