News of the Day

Wednesday, March 18, 2009

GE

On tuesday, I bought shares of General Electric (GE). My rational is that GE has recently had its credit rating cut plus divident slashed to .10 cents a share. The current stock price reflects those fundamentals but if we see a turnaround in those fundamentials e.g. return of top credit rating, return of attractive divident, we will see a nice price return of GE. This is a L-O-N-G term play.

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