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+--- Thread: GE (/thread-438.html)
GE - Semtav - 04-26-2013
Time to get out of GE, Wells Fargo and Citigroup.
I've got some money in the local Wells Fargo Bank but that will now change.
http://finance.yahoo.com/news/gun-control-advocates-scored-major-180559145.html
RE: GE - Don McDowell - 04-26-2013
Many years ago we got in a small battle with the bank co, that is now wells fargo. But the joke is on them we had a no service fee business account. I left 12$ in there. So for 20 years they've had to generate and send a bankstatement on an account that holds 12$
RE: GE - Ironramrod - 04-27-2013
Another option that might be available to some shooters is to buy GE and Wells Fargo stock, and use the cash dividends paid by both corporations to buy stock in Sturm Ruger. GE currently has a 2.7% dividend yield and Wells Fargo is at 3.5%. Ruger is currently paying 3.4% dividend yield, too. Citigroup is much at all in dividends.
Then keep the WF and GE stocks until the growth potential has been realized, and dump them and buy more Ruger stock. Ruger is currently the only publicly traded stock that I'm aware of, and I see nothing wrong by having a couple of anti-gun banks unknowingly contributing to Rugers business operations in that manner.
Regards
RE: GE - Ironramrod - 04-27-2013
A correction; Smith and Wesson is also a publicly traded firearms company. All the rest are privately held as far as I can tell. Sorry about the mistake.
Regards