General Electric
Apr 21st, 2008 by Admin
We purchased an initial position in General Electric (GE). It took a huge drop on April 11 when it missed its earnings. Historically, GE never missed earnings. With the drop in price, the dividend alone yields 3.87% based on the April 11 closing price. See attached a stock selection guide. This looks like an excellent buying opportunity. Remember, nothing has changed in GE’s underlying business model between April 11 and 12, despite the 14.8% stock price drop on April 12.
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