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Dayanand Menashi » Comments » GE
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Is GE Ready to Return to Prime Time? [View article]
I truly respect your experience and agree with your opinion.But I guess GE is not alone in this pricky situation, a great example is MSFT. Since the tech bubble bust the stock has not crossed lower thirties. Simlarly look at IBM, its peak of $120 in Apr-2001 is yet to be reached.
GE may not have anything common with MSFT or IBM, but they are all mega cap companies (market cap>100bn). As the whole market was overpriced in 1999-2000 so these mega cap companies would take very long time to come back to their true values.
On a lighter note , by applying laws of physics , an elephant traveling at 100mph would need to run longer to reduce its speed than a deer.
A great exception to this rule is XOM. The stock has never ever dropped in long run.
Thanks,
Dayanand
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