Monday, June 26, 2017

Recommend to Buy GE Stock for Long-Term Investment

Recommend to buy General Electric (GE) for long-term Investment

    * Back to rock bottom at $27 dollars a share.  GE stock price hasn't been this low since 2015.  There has been a lot of negativity in the past 18 months, however I believe this company is in a transition period with a new CEO in August, purchasing Baker Hughes (BHI) and business re-organization makes this an interesting long-term stock. GE also spent more than $1Billion to acquire multiple 3D printing companies and is targeting a $1 Billion revenue rate by 2020.  Same time, GE has a strong 3.5% Dividend Yield with an annualized payout of $.96 (.24 per quarter). 

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