Chasing Value: Add General Electric to the list

Filed under: General Electric (GE), Berkshire Hathaway (BRK.A), Chasing Value, Stocks to Buy, Obama Picks, Annaly Capital Management (NLY)

For 2009 I will be tracking a real portfolio created this quarter in scary times, when everyone is second guessing themselves, the market, and the economy. Last week I wrote Chasing Value: Annaly Capital Mgmt -- from watch list to buy noting that Annaly Capital Management (NYSE: NLY) was acquired, for among other things its 15% yield and basic stability. It trounced the market in 2008, but the yield by itself was very rewarding and I expect that to continue.

Yesterday General Electric (NYSE: GE) dropped over 8% from $17.39 to $15.96. This triggered a buy order I had in at $16.00, after a negative outlook by rating agency Standard & Poors suggested that there was the potential that GE could lose its prized AAA rating sometime in the next two years based on stress it was feeling on its balance sheet related to its financial services division, and GE's uncertainty in other businesses.

Continue reading Chasing Value: Add General Electric to the list

Chasing Value: Add General Electric to the list originally appeared on BloggingStocks on Fri, 19 Dec 2008 15:08:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments