This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Five Dumbest Things on Wall Street: Nov. 14

Stocks in this article: ge aapl app fnm gm

GE's Intergalactic Yard Sale

General Electric's (GE - Get Report) brass can stop sweating. The geeks are coming to save the day.

The company's NBC Universal division, which is undergoing a huge cost-cutting drive, has completed plans to auction props, costumes and set pieces from its Sci Fi Channel cult favorite Battlestar Galactica.

The entertainment goliath booked a weekend at the Pasadena Convention Center for the event, just in time to kick off the show's second half of its final season on Jan. 16, according to the Hollywood Reporter. A portion of the auction's proceeds will benefit United Way.

The auction is shaping up to be one of the largest events ever planned around the conclusion of a TV series, with faithful fans jetting in from around the world for the bidding. BSG collectibles up for sale include spaceship props, the desk used by Admiral Adama (Edward James Olmos), and up to a dozen costumes from each major character, including a red dress worn by Caprica-Six (Tricia Helfer).

"We are also really excited to be able to offer both fans and collectors this incredible opportunity to own a piece of science fiction television history as the series concludes," says NBC Universal Television executive Stacey Ward.

How nice. Just a little something for the fans. It's not like the studio is desperate for cash after NBC Universal CEO Jeff Zucker announced plans last month to cut spending by $500 million next year. That wouldn't have anything to do with it, right?

Of course, Zucker is just channeling pressure from his boss, GE CEO Jeffrey Immelt, who is under increasing pressure to ditch the TV and movie studio after a 22% drop in third-quarter earnings last month.

Sadly, unloading useless items from hit shows is becoming a regular source of revenue for the studio.

Maybe they should skip the middleman and produce a new auction reality show. They can call it "Immelt's Yard Sale."

Dumb-o-meter score: 95 -- Is Battlestar Galactica the one with Luke Skywalker? Somebody call a nerd!

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs