J. B. Wulff

Why I'm Long General Electric

I'm in there holding for long term as well. After Welch left, the rules were changed on "managed earnings." Barron's regulalrly demonstrated how Jack manipulated events so as to show rising profits. Now that is a no-no. Go figure. Their entertainment section is a problem, but things like SNL, The Tonight Show, Meet The Press, etc. have a world wide audience. With a little luck they can offer a few more hot series. How any CSI's can anyone stand?

GE Sum of Parts Valuation: Why I'm Skittish on This Stock

Establishing a "value" for any company in the current environment is dicey at best. It is true that since Welch retired, GE has been all down hill. Did anybody notice that the game has changed? I've been reading Barron's for nearly five decades. During Welch's time at the helm of GE, Barron's regularly cited that earnings were "manipulated" to make things look good. Since Jack retired, manipulating earnings has become illegal and many firms have gotten into trouble over it. That being said, what is GE worth? The finance arm is a game in progress. GE has managed to get some additional capital from Buffet and the market. Warren is being well paid for his piece. Jet engines, power plants, MRI's, and a host of other products in GE's product line are well focused and will do well in any reasonable future for the world. I own GE and I expect to do well with it! Ge is no GM. We need to remember that.

The Blue Chip Myth

Who remembers the old "one decision" stocks? The market is ever the conundrum. It is always the same. It is always different. It runs in cycles and only the sure footed survive, some far better than others. There will always be Blue Chips. Only the names will change. Steam locomotives for the railroads were done in by diesels from GM. And the beat goes on...

Year to Date Performance of Dow 30 Members

Long term investments in JNJ and XOM among others are especially rewarding when the dividend is considered. Currently my JNJ is yielding 8% and XOM is 6.5%. They are both in dividend reinvesting plans so my holdings are growing at that rate. What's not to like?