Wednesday, September 6, 2017

GE, a bargain or a trip?

GE is in the bad sector from time to time. Many times it is not GE's fault. It is a mutual fund of many sectors to many. It is hard and not practical to switch from one sector to another overnight.
Financial had its problem and now oil sector.

There are bright sides:
* China's "One Belt, One Road" could give GE some huge businesses and also the jet engines.
* Insiders are buying.
* Oil sector will return but no one knows when.
* Compare to FAANG, it is a reasonable buy for value investors. The Forward P/E is about half the trailing P/E.

I just bought some in this 'bargain' price. Is it bottom price? Only time can tell.

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