It was really fun for me to cover General Electric (GE) stock from the time I started finance writing in 2011 through 2014. Why? Because the price of the stock was in the mid teens, high teens, and low twenties. It was very easy to cover a business that was reporting high single digit earnings growth coming out of the recession and was in the process of ramping up its dividend that got reduced to $0.20 during the 2008-2009 financial crisis. The recovery was happening right in front of investor’s eyes but a lot of people stayed away because GE’s first dividend cut since The Great Depression was the predominant factor on most people’s minds.
But as the earnings and dividends have climbed, and the 2009 cut has become a more distant memory, investors have been more willing to appraise General Electric as it is rather than as it was. … Read the rest of this article!