pelican

GE Looks Very Attractive Here

For the first time in 33 years GE did not raise its dividend this year. Over 40% of profits have come from their finance division. While I agree that GE is looking attractive, I also believe this bear market cannot be compared to the more recent bear markets. With earnings growth in 2009 expected to be zero to single digit, and maybe into 2010, I wonder if we are seeing another PFE; high dividend, good balance sheet, little growth. I see $18 as an entry point.