General Electric released its earnings for the first Quarter of 2009. Another profitable quarter although revenues were down 9%. General Electric also ended the quarter with $47 billion cash and equivalents. The stock has done well and has bounced back doubling in price since the lows of March 2009. Bears and short sellers must be a little worried by now.

April 17, 2009

"GE announced today first-quarter 2009 earnings from continuing operations (attributable to GE) of $2.8 billion, or $.26 per share attributable to common shareowners, down 40% from first quarter 2008. First-quarter 2009 revenues from continuing operations were $38.4 billion, down 9% year-over-year."

Press Release