Monday, February 23, 2009

General Electric

1) Jeff Immelt, I see, is the largest shareholder as an insider, as it should be.
2) I also see that GE is below 100bln market cap
3) Pays an outlandish 13.2% (if it is cut in half-that's 6.6%)
4) Has a portfolio of businesses that in theory should stand the test of time
5) Has been around since the BEGINNING of the Dow industrials as has Exxon and look at how Exxon has held up.
6) The essentials that GE sells hasn't changed
7) Mr. Immelt is an Ohio boy and I'm partial to that fact.

These type of panic sell offs tend to have 100% rebounds, but if one is long term in nature...look at how the past 100 years worked out for GE.

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