capgain

Adding to My GE Position

Davy:
Your assessment is valid, if a bit tepid. Most investors (especially the "professionals") are mentally lazy lemmings who run to follow the crowd. Just as you have disclosed what part GE plays in your portfolio, I am happy to do the same.......it is my largest single holding by far, and has been for the last 40 years, and the lemmings who sold yesterday sold to......me.

Having made clear that I value this as a smart investment, let me be fair and opine that GE is a sub-$30 stock now for two identifiable reasons. The first is cited above.....the lemming factor. The second is a consequence of its timidity years ago. For those readers who have a fair recollection of history, think back to GE's attempt to buy Honeywell. This was an acquisition that rivaled sunshine in its brilliance. And GE backed down in the face of protectionist EEC opposition! When the EEC said "Tut, tut" and "Nein, nein", GE said "Uncle" instead of "#@^& you" and that was the beginning of its slide toward $30. (Are you listening, MSFT?)

It continues to both amaze and disappoint me that the powerhouses such as GE, MSFT, and UTX continue to knuckle under to the lilliputians and the tree-huggers to their own detriment.

Now fast-forward to today, and you will see why GE is still a good investment. Who is taking the lead in developing potable water, wind-generated power and fuel-efficient engines? Right! Now if only they would also focus on fuel cell technology, the obvious answer to our imported oil morass.

Davy, continue to tell it like it is......and don't be afraid to be right!