A celebration of the stock market by Jay Walker, author of The Brink's Truck Burst Open on Wall Street! A Holistic Approach to Finding The Easy Money In Common Stocks.
Facts and ideas on how to outperform the general market, portfolio management and risk, with a growing focus on how climate change should affect your investment strategy. All wrapped nicely with a value-oriented investing bias.
Thursday, July 10, 2008
GE - Looks good to me
Just a quick post here before GE's earnings announcement. It's not often you get to buy a quality company with a 4.6% yield, based on the currrent $1.28 annual dividend payment and current price of $27.64. Nevertheless, GE has good prospects going forward.
Yes, there's some hiccups right now - if there weren't - the stock would be priced at >$45 with a sub 3% yield (like it has been for almost all of the past decade). You don't get to buy good solid companies at high yields very often. Stocks like these, with prices like this, are cornerstones of solid portfolio building.