| SPECULATIVE BUY | 20.300 | Charles Bobrinskoy | People worried about hidden problems. It is a great company, but the financial business is very hard to get your arms around. They are about 11 or 12x what he thinks they will make next year. | 2008-10-07 | |
| DON'T BUY | 23.100 | Paul Harris, CFA | Doesn’t like it. GE grew by acquisition and this stopped with the Honeywell deal not going through. Has huge banking/financial services business. Going into a weaker economy is hurting their businesses. | 2008-09-29 | |
| BUY | 23.390 | Gavin Graham | Has just fallen off the cliff in the last couple of weeks because it is a largest industrial company in the US and over half of its earnings are financials. Balance sheet is still pretty strong. Extremely well run. Continues to think it will be okay. It will share in any market recovery. 5.5% dividend. | 2008-09-17 | |
| DON'T BUY | 25.060 | David Driscoll | Their finance division is the big behemoth that is dragging down the stock price. Would like to see the power generating and healthcare sides spun off. | 2008-09-16 | |
| BUY | 28.090 | Pat Naccarato | Good value with a 12X multiple. Phenomenal franchise and global. Being hurt because of their financial services operation. 4.4% yield, which is safe. | 2008-09-10 | |
| TOP PICK | 28.090 | Gordon Reid | When it breaks out, it will break out with vigour. Well-managed, good company. Will grow at 10% to 13%. Trading at 12X earnings and has a 4.5% dividend. | 2008-09-10 | |
| Comment | 28.120 | Alan Kral | Have a number of different underlying businesses, all of which could perceive to be relatively negative if there is a slowdown in financing. It is run very well. If the new chairman gets his stamp on the company it could do very well. | 2008-09-09 | |
| DON'T BUY | 28.320 | Kevin O'Leary | Should be the best stock to own if you want foreign exposure. Over half their income is from international markets. What has held the story back is that they will not let go of its black box finance unit. Can't see the stock moving north until they cut the company into pieces and put finance aside or they sell finance off and focus on their core industrial businesses. | 2008-08-25 | |
| BUY | 29.120 | Paul Larson | Fair value estimate is $40. High quality, relatively low risk. | 2008-08-22 | |
| Comment | 28.750 | Robert Floyd | Has weakened with the market, but at some point in time this will be a very interesting opportunity. Very international. On his Watch list but hasn't hit yet. | 2008-08-21 | |
| BUY | 29.310 | Don Lato | Great company but stock hasn't done anything for years. Company continues to grow their earnings at an average rate of 12% to 13% a year. 12.5X next year's earnings are compelling values. Into infrastructure and alternative energy. | 2008-08-13 | |
| DON'T BUY | 29.250 | David Burrows | A great conglomerate. A lot of big pieces to it. Unfortunately, it is an indicator for the economy so if you are concerned about constrained growth globally or in the US, you should avoid. | 2008-08-05 | |
| BUY | 28.970 | Jeff Parent | Will follow the markets quite a bit. Fairly significant drop in April and then a continuation. $30.60 was the first resistance point. If it can break through he thinks it will move up quickly to $32.30. Be very careful if it drops to about $27. Put your stop at $26.90 or $27. | 2008-07-30 | |
| DON'T BUY | 27.690 | Duncan Stewart | Cheap, but is concerned that it will get cheaper. Green tech exposure (wind turbines) is only about 20% of revenues. Restructuring and getting rid of their appliance division. At least 50% of the company and more than half the profit is from their finance division and this is not the time to own finances. | 2008-07-28 | |
| BUY | 28.710 | Jaime Carrasco | A global growth mutual fund that is paying you 4% instead of you paying a management fee. Infrastructure and green energy play. Fully participating in global growth. They are currently down because of their banking sector. Good buying opportunity. | 2008-07-25 | |
| HOLD | 28.710 | Paul Gardner, CFA | 4.3% dividend is secure. Disappointed last quarter and missed earnings. Their financial arm really got hurt. Valuation is better and is almost compelling. The problem with it is that it’s technically just a black box. You can’t get all the information because of all the moving parts. You should see a recovery in 2010. | 2008-07-24 | |
| BUY | 28.500 | Andrew Guy, CFA | Always associated with US economy. Does a good job of looking where the future will be. Increasingly getting into wind turbines. Also a significant player in water purification. Major producer of nuclear power plants globally. Longer term, a very bullish story. | 2008-07-22 | |
| PAST TOP PICK | 27.690 | Norman Levine | (A Top Pick July 18/07. Down 28%.) Problem in the near term is its big presence in financial services. Trying to divest themselves of some of their businesses that don't fit in to their strong growth strategy. At the highest yield and lowest valuation it has ever had. Could be a great opportunity but in the short term, who knows. Still a Hold. | 2008-07-21 | |
| Comment | 27.180 | Neil Wickham | For a long term holding of more than 5 years, this company is definitely a Buy. Essentially a proxy for the US economy, which essentially is pretty good. Has potential to do a lot better when times improve. May be nearing a bottom here. | 2008-07-14 | |
| BUY | 27.640 | Laura Wallace | Disappointing performer, due primarily to its financial unit. Spin off of their consumer-industrial unit is the start of trying to change their fortunes. Now yielding over 4%. Good time to add but will be a difficult 12 months ahead. Will be a good investment over the next 5 years. | 2008-07-10 | |
| PARTIAL BUY | 27.190 | Charles Edwardes-Ker | Likes this over other industrial global stocks because they have taken a slant towards sustainability including wind power, water and energy efficiency in their lighting. Long-term hold. Start chipping away at this one. | 2008-07-09 | |
| DON'T BUY | 27.100 | Gavin Graham | The major difficulty with this company is that about half its earnings come from finance. Exposed to a lot of things that are going to be beneficiaries of a longer-term trends. Likes the company, but would be a little cautious about adding to it now. | 2008-07-07 | |
| DON'T BUY | 26.530 | Lyle Stein | The bellwether stock for the US economy. It's an OK time to put your toe in the water but he would not buy it because he is not bullish on the US economy. | 2008-06-26 | |
| BUY | 27.590 | Norman Levine | A lot of financial services in their product mix and this has hurt them. Have some great products but financial services are being lumped in with other financial service companies. Trading cheaper than it has ever done with a good dividend. Good entry point for long-term investors. | 2008-06-24 | |
| HOLD | 28.210 | Laura Wallace | Has been a very disappointing performer. Hitting multi-year lows. Industrial side of the company is very strong. They are in all the high growth areas and well positioned internationally. The financial side has been the big drag for them. 4.5% yield. Potential of capital appreciation and increased dividends over the next 5 years. Could be some more downside. | 2008-06-18 | |
| PAST TOP PICK | 29.150 | Norman Levine | (A Top Pick July 18/07. Down 26%.) You have never been able to Buy this cheap. Being hurt because they are a big player in financial services. Last earnings were below estimates. Good yield. Still a Buy. | 2008-06-13 | |
| Comment | 29.830 | Don Lato | Earnings growth will slow a little bit this year but the stock is still trading at around 13X earnings and yielding over 4%. In some businesses that have great potential. CEO is buying large number of shares. | 2008-06-11 | |
| BUY | 30.330 | David Baskin | A proxy for the entire US economy. Good at what they do in many of their businesses. Have a huge financial arm that is suffering from the angst of the entire financial sector. Probably a more attractive entry point right now than in the last 10 years. Low risk at this price. | 2008-06-10 | |
| DON'T BUY | 30.060 | David Driscoll | Its financial business makes up a large portion of its holdings. The stock is basically like owning a proxy for the Dow. Can't think of any compelling reason to own this one. | 2008-06-09 | |
| Comment | 30.460 | Duncan Stewart | Caller wants to sell for tax loss and re-buy in a month’s time. A: Good idea. Only risk you run is watching the stock move significantly afterwards. He doesn't see anything crystallizing for the next 3 months so he would re-buy in August. | 2008-06-03 | |
| BUY on WEAKNESS | 30.720 | Robert Floyd | Could wait for a pull back but current price is a possible entry point. | 2008-05-30 | |
| BUY | 30.550 | Norman Levine | Has been painful to own this one ever since they reported their last quarter. On a long-term basis, it has one of the best portfolios of product in the world. More of their sales come from outside of the US than from in or in. Good price. | 2008-05-28 | |
| Comment | 30.430 | Laura Wallace | Great international infrastructure play, but earnings are disappointing because half the company is a black box finance. Looks like a good entry point but can see problems in the near term. | 2008-05-23 | |
| DON'T BUY | 30.990 | Charles Bobrinskoy | Selling off some of their historic products and trying to focus more. Feels this is the right thing. Had a big negative surprise last quarter in their financial division. There could be more land mines in this part of their portfolio. Yield of 4%. | 2008-05-21 | |
| PAST TOP PICK | 32.370 | John O'Connell, CFA | Has been going through a massive transformation for many years. Great infrastructure play. Great financial services business. Have increased earnings very smartly. Good dividend yield. Trading at about 12X earnings, which is less than the market multiple. | 2008-05-15 | |
| BUY | 32.570 | Paul Thornton | (Market Call Minute.) Investors could do well by buying in here and being patient. | 2008-05-07 | |
| Comment | 33.330 | Duncan Stewart | Investing a lot of their capital and alternative energies. For companies in the green space, he prefers Itron (ITRI-Q). | 2008-04-25 | |
| DON'T BUY | 32.360 | David Driscoll | Financial services is its biggest corporation and is still having difficulty. They're trying to sell assets and they're taking discounts. This is a proxy for the global markets and if we are still in recession, the stock will probably go sideways for a while. Consider selling Puts against it. | 2008-04-23 | |
| BUY | 32.330 | David Baskin | Amazing that a company as big as this was so brutally sold off when people didn't like its earnings. Huge company with very important sales in very important markets including wind turbines, solar, nuclear, etc. These will be very good markets in years to come. | 2008-04-22 | |
| Comment | 32.230 | Ben Cheng | Their ability to access markets and to finance many of the power, infrastructure projects and aerospace is going to be quite difficult. If you have a 2 to 3 year time frame, it's probably not a bad entry point. | 2008-04-16 | |
| Comment | 31.980 | Alan Kral | Not sure that given the performance of the stock over the last couple of years that the CEO will last. There is a lot of credit with them so it could negatively impact their earnings for a couple of quarters. | 2008-04-15 | |
| Comment | 32.050 | Bruce Campbell | Trading at 13X earnings is not overly expensive in the context of very low interest rates. This is cheaper than its own historical average. The market is not going to be willing to pay 15X or 16X until they are more comfortable. | 2008-04-11 | |
| BUY | 32.050 | Paul Thornton | Not particularly a high-growth company. It has had pretty good numbers. Stats indicate that whenever this company has a particularly large down day there have been positive returns on a 3, 6, 9 and a 12 month basis. | 2008-04-11 | |
| BUY | 37.260 | Pat Naccarato | Have 2 businesses. Industrial, which is rock solid and their financial which is caught up in the credit crunch. The industrial side will benefit from the weaker US dollar. On a valuation basis, it comes out very attractive. | 2008-04-07 | |
| BUY | 35.590 | Peter Brieger | People will buy this stock over its competition. 3.5% yield. 10% yearly growth. | 2008-03-19 | |
| BUY | 33.960 | Gordon Reid | Has continued to grow its earnings at about 10%. In a very good economy, that might ratchet up to 13% or 14%. Longer term, this stock will get organic growth in the 10% to 13% range, which will allow the stock price to grow at 10% or 13%. | 2008-03-12 | |
| Comment | 31.700 | Norman Levine | Very diversified company. More than half of its earnings come from outside the US. However, a big part of their operations is GE Finance (GFN-A), which could be directly or indirectly involved in some of these large loans. This has affected the stock price. Looking out 1 or 2 years, this stock could do well. | 2008-03-10 | |
| DON'T BUY | 34.360 | Charles Bobrinskoy | Doesn't own this because of GE Capital, their financial subsidiary. The stock is down because people are worried about what might be in GE Capital. Too much uncertainty. He would like to see a lot of disclosure. | 2008-02-20 | |
| DON'T BUY | 34.370 | David Burrows | (Market Call Minute.) Growth rate is not going to push the share price higher. | 2008-02-15 | |
| BUY | 34.370 | Laura Wallace | A great international play. One of their big strengths is a substantial portion of its revenues and earnings are outside of North America. You want to have international companies in your portfolio. These companies will benefit from weakness in the US$. | 2008-02-15 | |
| BUY | 34.200 | Andrew Guy, CFA | Very intriguing story. Tends to be very volatile and to be taken as a proxy for the broader US economy. Significant amount of their business is outside of the US, so it is a play on Asian growth and Europe. It will benefit from the weaker US$. For a long-term point of view it is also a way of playing the green economy. Aggressively moving into this area. | 2008-02-06 | |
| DON'T BUY | 35.360 | Mike Lyons CA, CFA | Starting to show up on his screens, mostly because of its yield. Reasonable PE and 3.5% yield. He tends to not invest in really large companies because the law of large numbers makes it difficult for them to grow at a rapid pace. He has always been concerned about the black box of GE finance. | 2008-01-31 | |
| BUY | 34.936 | Laura Wallace | Likes its international exposure because of the slow growth in North America. Had a decent earnings report and the guidance was good. Good long-term investment. | 2008-01-30 | |
| BUY | 34.936 | Gordon Reid | Great company. Very well managed. Will grow at around 10%-13% and trade at about 14X earnings. 3.4% yield. | 2008-01-30 | |
| SELL | 36.910 | Jeff Parent | Has not been doing a lot for a very long time. Been trading between $39 and $33 for a very long time. Not necessarily a value stock but is really big and so doesn't move that fast. | 2007-12-14 | |
| TOP PICK | 37.250 | Gordon Reid | A fantastically managed company. They target 2 and 3X to GDP for organic growth so that puts them in the 10% to 13% range. About 50% of the company is GE capital so is painted with the same brush as financials. Has a wonderful dividend. | 2007-12-12 | |
| WEAK BUY | 38.160 | Gavin Graham | 2.5-3% of U.S GDP, Very dependant on health of its domestic economy. Wonderful company if you like alternative energy. Owns a lot, feels it’s a great long-term play. | 2007-11-19 | |
| HOLD | 40.380 | David Driscoll | A proxy for the entire global market. Looking promising. Back to where it was 7 or 8 years ago. There are better opportunities elsewhere. | 2007-10-25 | |
| SELL | 41.770 | Ross Healy | Very pricey. One of the few US big cap stocks that is trading right up at his Fair Market Value. Doesn't see any potential from here. | 2007-10-05 | |
| TOP PICK | 42.120 | Norman Levine | (A Top Pick Oct 10/06. Up 15.7%.) Like all other US large-cap multinationals, it had been ignored. He serves to have a premium valuation. | 2007-10-02 | |
| BUY | 39.500 | Norman Levine | Has a very good place in a value portfolio. It has above average growth and above-average yield and a below average PE multiple. | 2007-09-11 | |
| BUY | 36.900 | Norman Levine | Had been a laggard in the last few years compared to the stock market. In the last few months it became a star performer. Have come off somewhat with the market but money will flow into this type of company because of its conservative aspect. | 2007-08-15 | |
| HOLD | 40.120 | Mike Lyons CA, CFA | Not certain that this stock is cheap. The market cap is approaching $400 billion making it difficult to generate excess returns. Reasonable dividend and reasonable price earnings multiple. Would not add to your holdings. | 2007-07-20 | |
| TOP PICK | 40.450 | Norman Levine | In the last few months, investors have realised that it has much higher growth and a higher yield than the market. Trades at a discount multiple. About a third of its business is in infrastructure, which is a hot area. Good management. | 2007-07-18 | |
| BUY | 40.710 | David Baskin | One of the largest industrial companies in the world and in many ways a proxy for the US economy. Earnings growth will never be what it was in the glory days of the 1990’s. Very solid company with very solid earnings. US currency can be a risk. | 2007-07-17 | |
| BUY | 38.240 | David Driscoll | Basically a proxy to global equity markets. Will probably be a move higher because it is starting to see quality of earnings outside of its finance arm. | 2007-06-22 | |
| STRONG BUY | 37.050 | Norman Levine | Have owned for sometime.
Coming out of 2000 it was overpriced. Growth is coming back.
"Put this in your RIF"
| 2007-06-12 | |
| PAST TOP PICK | 37.730 | Norman Levine | (A Top Pick June 13/06. Up 12%.) Good dividend. Selling off a lot of their under performing businesses and concentrating on their winning businesses. Sees further upside. | 2007-05-30 | |
| DON'T BUY | 37.380 | Brian Acker, CA | Dead money. His model price is $30.77, a negative differential of 17%-18%. | 2007-05-24 | |
| TOP PICK | 37.100 | Norman Levine | Multinational, multi-industry company. Stock has gone sideways for years even though it's doubled its earnings and dividends. Looking for them to get rid of some of their non-core businesses and concentrating on their core businesses. | 2007-05-01 | |
| HOLD | 35.840 | Pat Naccarato | Have very large component of their business in financial services. Financial services trade at lower valuations than the industrial portion. Prefers to buy companies that are dirt-cheap. When the price comes down, that is the time to take a hard look at it. | 2007-04-26 | |
| Comment | 35.410 | John Zechner | Have grown at low double-digit rates and have diversified well. Good company and well run. Has settled into a mid-teens type of earnings, which is more reasonable. The value will rise with the level of earnings, which is 10% to 12%. | 2007-04-25 | |
| DON'T BUY | 34.800 | Paul Harris, CFA | Grew through a lot of acquisitions and they continue to make acquisitions. Can't do big acquisitions anymore, which has really hurt them. Have also gone into higher risk areas. | 2007-04-23 | |
| Comment | 35.130 | Peter Brieger | If you were looking for a conservative portfolio, this would be a Buy. Could pull back a bit further. 3% yield. PE is about 15. | 2007-04-18 | |
| Comment | 35.360 | John Manley | Recent earnings were quite good. Had a big run-up in December, took it all back, found support around $34, and bounced off that. Feels it is just being the bellwether that it is. Looks like it is ready to carve out a higher low, so wait for this. | 2007-04-16 | |
| BUY | 35.360 | John O'Connell, CFA | In the process of selling its plastic business for around $12 billion. AAA credit rating. Dividend yield about 3%. Trades at around 14 X earnings. Good defensive play. | 2007-03-30 | |
| DON'T BUY | 35.550 | Ian Nakamoto | Because of its size, it is very difficult for it to grow. Would prefer other places. | 2007-03-29 | |
| DON'T BUY | 34.360 | Paul Harris, CFA | Trades at 15 X earnings, which is probably the lowest multiple it has had in a long time. 3.3% dividend. The business mix now is less stable in earnings than what it used to be. Feels you would be better off with other companies in this sector. | 2007-03-16 | |
| BUY | 34.660 | Brendan Caldwell | An excellent core holding. 3% dividend yield. Some price targets of $45. | 2007-02-27 | |
| DON'T BUY | 35.770 | David Baskin | Very, very big, so they are insulated from downturns in any particular sector. However, because of their size, it is almost impossible to sustain any kind of growth rate that they had 10 years ago. Doesn't see a lot of upside. | 2007-02-13 | |
| BUY | 35.640 | Norman Levine | Loves this company, but has been disappointing as a stock. Hasn't participated the way he hoped it would. Extremely profitable. Good dividend. | 2007-02-12 | |
| HOLD | 36.750 | John Zechner | Should continue to grow, but not at the rate they used to. The value of the assets of this company are well in excess of the current share price. | 2007-01-22 | |
| DON'T BUY | 37.890 | Paul Harris, CFA | Historically, it looks cheap, but the trouble is, this is a company that grew by fairly aggressive acquisition and they have to do bigger and bigger ones. Feels it is a difficult story. | 2007-01-15 | |
| BUY | 37.550 | Norman Levine | Stock is now acting very well. Great dividend. Feels a Canadian dollar will continue going down for a while. | 2007-01-09 | |
| HOLD | 37.750 | Alex Ruus | Loves this company in terms of its business. Has had a nice little run here. Would prefer it in the $32-$33 area. | 2007-01-04 | |
| DON'T BUY | 35.640 | Paul Harris, CFA | Not a fan. Grown through acquisition and it’s hard for them to make one that will make a lot of difference. Moving to less stable businesses creating volatility in earnings. | 2006-12-12 | |
| BUY | 35.280 | Paul Harris, CFA | If you want to be in for the longer term, it is fine. Trading at 18.5 X forward earnings. Very diversified. | 2006-11-30 | |
| Comment | 35.560 | John Zechner | Feels this will move right in line with the US market average in the short-term. Almost like a proxy on the economy. Safe. | 2006-10-16 | |
| TOP PICK | 36.300 | Norman Levine | (A Top Pick Sept 28/05. Up 8.4%.) Money is coming out of the resource area in moving into areas like this. Fundamentals have been great are improving. Great management and great product diversity. | 2006-10-10 | |
| PAST TOP PICK | 33.970 | Norman Levine | (A Top Pick Sept 28/05. Up 4%.) Still waiting for it to go up, but in the meantime it pays 3% dividend. Just a matter of time. | 2006-09-05 | |
| SELL | 33.790 | David Burrows | Very difficult for them to grow earnings. Somewhat economically sensitive. Stock has been under performing even in a reasonably good market. | 2006-08-23 | |
| BUY | 33.960 | Norman Levine | Gone sideways for six years. Earnings/dividends have doubled but stock hasn’t gone anywhere. Sees money moving out of the speculative area and into the quality area. This being the highest quality stock in the US, it's only a matter of time until the stock pops. | 2006-08-22 | |
| DON'T BUY | 32.690 | John Zechner | Looking at the big growth stocks in the US in the last couple of years, they have a similar pattern. Earnings multiples have come down so they have become relatively cheaper. Will probably grow in the 10/12% range but can see you giving the big multiples that used to be there. | 2006-07-31 | |
| DON'T BUY | 32.250 | Brian Acker, CA | His model price is $25.15, a -22% differential. His model price has been dropping. Dead money. | 2006-07-21 | |
| BUY | 33.260 | Norman Levine | Has been going sideways for the last few years. Dividend and earnings have doubled in the last 5/6 years. Multiple is half and the stock hasn't gone anywhere. Thinks money will be flowing into stocks like this. | 2006-07-11 | |
| DON'T BUY | 33.310 | Ron Meisels | Needs to move above $36 to start moving seriously. Because we are getting very near to the end of the bull market, it may not happen. On the long term, it will probably do well. | 2006-07-05 | |
| DON'T BUY | 33.270 | David Driscoll | Basically a proxy for the global market. Gone sideways for the past year because it is difficult for a behemoth like this to generate huge earnings growth. Dividend is 3.3% which is not competitive with other interest holdings. | 2006-06-29 | |
| HOLD | 32.880 | John Zechner | Wouldn't worry about this company. There is no major risk in it. Earnings multiple is now more in line with their growth. The stock should go up over time. | 2006-06-27 | |
| DON'T BUY | 33.720 | Brian Acker, CA | The model price is $25.91. That gives it a negative 24% differential. In the last month, his model price has been dropping because the earnings have been revising lower. | 2006-06-19 | |
| TOP PICK | 33.730 | Norman Levine | More than half of its sales are outside of the US. Organic growth in the mid to upper single digits. Gaining share in almost all the businesses they are in. | 2006-06-13 | |
Experts that have talked about General Electric
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