General Electric Spooktacular

Is it safe to invest in General Electric (GE)?

Unfortunately at the Part Time Investor GE no longer meets my Value Investing strategy or Dogs of the Dow strategy.

It was recently announced that GE is slashing their dividend to $0.01 per share and are restructuring their Power Division into two units. This is after being dropped from the Dow back in June. Furthermore their good will write off of their Power Division losses is also being probed by the SEC.

GE no longer:

  • Is a top ten dividend payer or part of the Dow Jones Industrial Average
  • Has a P/E of 15 or less (as of this writing it’s EPS is negative)

While I hope the new CEO Larry Culp turns things around any investment now is pure speculation.

 

Advertisements

2 thoughts on “General Electric Spooktacular

Add yours

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a website or blog at WordPress.com

Up ↑

%d bloggers like this: