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Frankly Speaking | Update: General Electric

Season 1 Episode 560 Published 8 years, 3 months ago
Description

Why I'm still long on General Electric (despite its recent slump)… Bruno Mars is NOT Michael Jackson… Eagles to the SuperBowl?

On today's episode of Frankly Speaking, I mostly cover General Electric (GE).

I've received tons of questions and emails after shares reached a new 52-week low last week. So I wanted to give my followers an update.

A massive restructuring is currently underway and rumors are spurting in every direction. In addition, JPMorgan is now saying a dividend cut is "likely"… which could push prices even lower.

This is a name I've been wrong on for the past six months… But, with my ego put aside, I still think GE is an incredible buy at these levels.

Here's my take.

As always, thanks to everyone who participated!

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