egads... I hope we are right. I just soaked up 2000 GE @ 26.60. I dunno what’s wrong with my head, it’s hard to pass it up so cheap. I put it in my long term bucket, now I just hope for the best (and that my wife doesn’t find out how much I just spent)
I’m 41 years old, so I’m far more concerned with long-term growth than what’s going to happen in the next few years.
GE is a fundamentally sound company and their stock was 40% higher a year ago than it is now and it is half what it’s high was in 2000. Right now it’s almost at its 2002/2003 low, I’d say it’s a great buy.