General Electric: Is the Stock a Buy, or Should It Be Forgotten?

Filed under: Earnings Reports, General Electric (GE)

You know, it's days like today when I wonder what in the world will help my poor General Electric Company (GE) shares. I've owned them for a while, and it's been a painful ride. In fact, you can see that, over the last twelve months, the stock hasn't been too rewarding. It's stuck in a narrow 52-week range. And since the dividend was cut last year, you can't make a case necessarily when it comes to the stock's payout. If the dividend had remained intact, we would have been talking about a decent yield (and probably a higher stock price). As it is, we aren't.



This afternoon, shares of GE are weak following the Q2 report. At the time of this writing, they were off by 3.5%, exchanging hands at a price of $14.71. Volume was strong. I don't like it.

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General Electric: Is the Stock a Buy, or Should It Be Forgotten? originally appeared on BloggingStocks on Fri, 16 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

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