Haven't they spun off some of their divisions in the last couple of years?
GE has a huge market cap. The have 9.9 BILLION shares outstanding and trade an average of 19 million shares daily. Price movements will happen slowly over time. The company itself is a remarkable one but the sheer size of the float makes you wonder how big of profits you can actually make off this one.
GE is getting close to a buy. I still think there float is too big though!
I bought a few hundred shares of G.E. General Electric is always a premium company and now is no different. There NBC alone is worth quite a bit per share. I look for big things out of [b:8baf4bafaf]GE[/b:8baf4bafaf] in the next fiscal year.
You almost have to love [b:fb4f37b019]GE[/b:fb4f37b019]. [i:fb4f37b019]General Electric[/i:fb4f37b019] has been doing it, and doing it and doing it for forever. Invest when they see a dip and hold on to this one..
But the question is: how can they get bigger? No growth equals flat share prices.
GE on Tuesday evening announced its intention to split off most of its mortgage and life insurance operations through an initial public offering. GE Chairman Jeff Immelt said the IPO is an important step in moving the company into faster growth businesses. This was on Yahoo finance. They also state that they think this will positively affect the stock thru 2005. Any thoughts?
That could be a decent stock on its' own merits. They are a behemoth when it comes to lending.