GE missed earnings badly last quarter, as we all know, but long term this is just an incredible company. I categorize GE as a legacy stock. Which means you buy it, hold it, reinvest the Dividends, and give it to your kids when you die. I certainly don't think you are going to get a great pop in price in the short term, but when you consider compounding value when reinvest the dividends, a drop like this a a definite buying opportunity!
There are few companies in this world you can catergorize as "safe", in that they aren't going away anytime in the near future. Very few companies can absorb large mistakes and come back to play again. GE is just one of those companies that that can.
$32.38 (04/13/08)
