Would you buy GE log term?

Question

and please explain why or why not please.

Answer 1

I would avoid it.  When selecting an investment one needs to consider which might be the best among the alternatives.  Although GE has had a stellar past, that does not necessarily mean that it is a good investment for the future.  One of my critiques of GE is that it is  mostly a finance company masquerading as a manufacturing company.  Another is that it is a mega company, think conglomerate.  Companies like this are difficult to manage and difficult to grow more rapidly than the economy as a whole.

If you like large companies, think instead MMM,  a company with a much cleaner balance sheet.

Answer 2

I bought 100 shares last week.  It is a very diverse company...like its own mutual fund, and pays a solid dividend.  Its been at a couple year low and long term I think it will be fine.  I'm a buy and hold type.

The CEO needs to show some improvement or he'll be gone.  Too many people and funds own this stock to tolerate poor performance for long.