Bought GE

Saturday, July 12th, 2008

After doing some extensive research, I broke down and started buying up shares of General Electric (GE: web, chart, Y!) in my retirement account last week.  After several trades, I’m averaged in at $26.77 and will continue to evaluate the value movement for the next several months.

Last Friday, the company reported earnings in-line with market estimates, which in this market environment is reassuring.  Jeffrey Immelt also reported that the company is selling off its Japanese consumer finance unit to Shinsei Bank, a midsize Japanese bank for $5.4 billion, including $1.7 billion mortgage and credit card assets.  GE, however, still gets …

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Is GE cheap or what?

Monday, June 30th, 2008

OK, so there are a few of you out there that are going to read the title of this post and say something like “…yes, but ‘cheap’ is a relative term…” and you’d be absolutely right.

A long time ago I was doing some research on what I consider some fairly sleepy stocks. You know, the Proctor and Gambles, the Johnson and Johnsons, General Electric, etc.

I set up some reminders to send me an email if a stock ever dropped to a certain level. Well, at the time, I figured yeah, if GE ever drops below $27.50 I’ll buy some.

Well, it just so happens that I got an email …

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