Dog of the Dow #7: General Electric (GE)

GE is a buy. It will never see its lows again.

Aviator409

Lou,

This is shamefully little info to decide anything. GE will grow its water business, redirect capital from its entertainment sale, sell aircraft engines for Boeing's Dreamliner, expand its power business in wind and emergency generators + pay an above average dividend yield.

You have got to give us a lot more to go on. GE may very well beat the market next year.

Hmm, now why would GE be down during a recession? I dunno, duh. Hope Lou has a good side business going because he doesn't know squat about the market or manufacturing. And this is supposed to be a business page?

?? This assumption really beats me?

GE is one hell of a large and very diversified company and even if true, 3,000 layoffs would not amount to much as a percentage of their work force. The banking portion of GE has had it's troubles and so have some of it's other entities, but hardly nothing out of the ordinary when compared with the rest of U.S. business.
I am presently not part of the market, but if I were, this would be a hold/buy. This has nowhere to go but UP, and Lou, in case you are not up to speed, get an education on reverse osmosis and than, find out who is in the lead. This world has fresh water problems and they are not going to go away. Try Spain, the Ogalala, Cal., Texas, Australia & India and that is only the tip of this iceberg. Tampa has two de-salt plants and the Saudi's have more. Guess who makes em!

part of restructuring is laying people off, and selling parts of a business.
Few people knew that Ford (not a dow) was doing the right things...
GE was priced under $7 March to $17 - what a great company to buy stocks for...
How about BAC, or C in March...and Teck resources - from $3 to $37

Some goof shorted GE at $10 I'm sure!

There has been all sorts of idiots crying for a "correction"
and hoping for anothe chance to get on the bus they saw stopped 6 months ago!

Adios amigos - I'm waiving out the back window... I made a fortune on these "dog" companies this year

Don't agree with opinion about GE, look agin, dividends are good. Gannett? maybe a safe bet however, newspaper sales are hurting big time. Look at Fedex and UPS, UPS just raised dividends!