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    General Electric: Regaining Iconic Stature

    Mon, 04/23/2012 - 03:58 EDT - Seeking Alpha
    • GE
    • Tom Armistead

    By Tom Armistead:General Electric (GE) suffered a serious loss of prestige as a result of its near death experience during the financial crisis. Heroic efforts by both Uncle Sam and Uncle Warren were required to ensure survival of a company that at the time enjoyed the coveted triple A rating. GE has since repaid its benefactors, and has been making fine progress in restoring its reputation and stature.At a recent price of $19.36, and sporting a dividend yield of 3.51%, patient investors are likely to be rewarded with share price appreciation, provided the company continues to perform and the market eventually grants it some measure of its former respect.
    Valuation
    Using actual earnings for 2008-2011, and estimating 2012 at $1.57, five year average EPS works out to $1.37. Applying a multiple of 20 to that metric, a target price of $27 emerges. If GE reaches that goal in 3 years, theComplete Story »

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      By Steven Bauer: General Electric (GE) suffered a serious loss of prestige as a result of its near death experience during the most recent financial meltdowns in 1999 and 2008. Heroic efforts by both the U.S. government and Warren Buffett were required to ensure survival of a company that at the time enjoyed the coveted triple A rating.

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      ByJosh Arnold:Bank Of America's (BAC) epic turnaround from the depths of the financial crisis has caused a meteoric rise in its common shares. While patient investors have been rewarded with large gains off the bottom the common share dividend is still stuck at what is essentially zero.

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      By Richard Bloch:Yield to cost basis is one of those concepts important to dividend investors, or at least it should be, because that's where your retirement income is going to come from. And although you have to be patient, it really adds up over time.Here's an example, Procter & Gamble (PG), a stock that hasn't exactly been on fire lately, but has rewarded investors quite nicely over the years.* * *

    • Following the Smart Money Into General Electric

      Tom Armistead submits:General Electric (GE) was for many years an iconic company, considered good as gold in the glory days when Jack Welch was at the helm. The company's strength was seriously questioned during the meltdown in early 2009, and the last time I looked into buying it, shares were trading at 6.66, on 3/6/09. I didn't buy any. It has since recovered to close Friday at 16.35.

    • Q4 Shaping Up As Worst Quarter In Years: Aggregate Revenues And EPS Have Missed By 1.2% and 0.4% So Far

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    • U.K. set to lose AAA rating as Fitch warns of downgrade

      LONDON/NEW YORK — Britain looked poised to lose its AAA rating from a second ratings agency after Fitch Ratings warned on Friday it was likely to downgrade the country in the coming weeks, citing high government debt levels and weak growth. A month since Britain was downgraded by Moody’s, Fitch put the country on review and said a downgrade was a heightened possibility. A decision is due by the end of April, Fitch said in a statement. Sterling fell sharply, dropping half a cent against the dollar.

    • Obama's Approval Rating Has Cratered In The Past Two Months

      President Barack Obama's approval rating has fallen 8 points in the past two months, putting him underwater for the first time in more than a year, according to a new CNN/ORC poll. 

    • Moody's says could cut GE's triple-A credit rating (Reuters)

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