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Once The Momentum Picks up General Electric could be on our shopping list

15 May 2009
Written by: Richmond Research

General Electric (NYSE: GE) is another world-class franchise that is being punished by the credit crisis. The long-term fundamentals of GE’s business are not impaired. Investors are selling shares here? Many of the world’s blue-chips that own finance businesses are being punished. The stock is extraordinarily depressed, trading at only 3.9X past peak earnings. I remain confident GE shares will recover from their currently depressed price.