New Stock Purchase! GE (Again)

Good Evening! GE General Electric is just too good of a value to pass up. GE is a massive company that is in a transition period. Through a series of bad investments they have lost the faith of investors. Their new CEO I believe can turn it around however. In the latest earnings call he appears to at least be willing to pivot. My hope is that they sell off or dissolve the losing entities and focus on what is profitable.

I purchased 2 shares 1 at $16.89 and 1 at $16.05. GE pays a dividend of $0.12 per quarter so now I will get $0.36.

This stock is a long term play that will hopefully triple in the next two years.

Anyone else buying in? Thanks for reading

Leave a Reply

Your email address will not be published. Required fields are marked *