Tuesday, September 29, 2009

General Electric (GE)

GE 9.29


Even with all of the "love" - I remain VERY skeptical on GE. When Jack Welch left in 2000, the stock was $56 a share. Since Jeffrey "boy" Immelt stepped in, the stock went from $56 (from his start) to $5.50 this year and now is at $16. I honestly don't know how he has a job to be honest. It's sad that a 9 year shareholder is down over 70% on their investment.

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