General Electric (GE) just send me their quarterly report because I'm a shareholder. They have been resetting their business model as the economy recovers. One of the major reason that I bought this stock is because it is very much in-line with the Dow Jones Index. When the Dow goes up, so does GE, of course subject to company news and other factors. I bought at a bargain price of 14.80, and have since then moved up to 19.70, and then fall back to 15.71 this week. Other reasons that I think GE is a good buy are because of dividends and Warren Buffet. Warren Buffet, a stock guru, has had bought this stock at 20plus dollars, and of course he has special dividends.
GE, traditionally, has always met results expectations. They have been issuing dividends, at least, for the last 15 years. For the next second quarter results 2010, analysts are expecting 0.27 earnings per share and are rating this stock as a buy. (Ref: TD). I will be banking on these facts and rolling in the dividends.
So it is in my opinion that this stock as a strong buy:)
Disclosure: I own this stock.
Disclaimer: Always do research before investing, take this information at your own risk.
Ref: http://www.ge.com/investors/stock_info/dividend_history.html
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