GE

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

Here is the GE 2001 annual report that cause its share to drop 10%
today.
I would not be surprised if GE develops a cash flow problem within 6
months that would force it to sell assets at fire sale prices.  The
danger is that asset sales would not produce enough cash to reduce
enough debt to prevent a downward credit rating, causing its borrowing
cost to rise and further credit rating deterioration - a downward
spiral. It will make Enron look like a minor cold.

Fireworks in October?

Henry C.K. Liu
http://www.ge.com/annual01/financials/2001_GE_AR_financials.pdf