Over the past few years, this mega cap has been dormant, I mean completely dormant. The last time I really evaluated stock was in 2002, when it was ±36, today, it's at 33.80. However, annual growth rate has been ±10% since, book value is up, profit is up, revenue likewise. Dividend is a solid 3.7%, almost REIT like, without the RE. US is going to resort to nuclear energy in the short term (IMO) since this is a tried and true technology and readily available in the states. YES, there is plenty of opposition from environmental groups, and plenty of NIMBY (not in my backyard) sentiments no matter where it's built. But, capitalist trumps environmentalist. If there's profit to be made from this, count on it to be built. GE stands to benefit tremendously (as it is a major supplier of nuclear technology), IF the infrastructure need ramps up. This is a long term (I stress long term) buy for your real portfolio. Expect 3-5 years holding time. But I will personally replace a good portion of my savings account with GE, a growing company with plenty of upside potential (nuclear or not).
$33.64 (03/05/08)
