For many years, I have been waiting for the day that the investment community would see the potential of the giant industrial GE. Although that day may still not have come, I feel that many of those who are “in the know” have now begun to join the bandwagon. Since the first time I really started to look at GE as an investment, the massive machines such as jet turbines and Jenbacher engines just captivated my mind.
I see the technology involved in those turbines, and it is amazing to say the least. I have always been fascinated with complicated machines and large infrastructure, and very few companies can compete with GE in those respects. Their scope is fantastic and runs the gamut in the industrial sector.
Along with the massive machines goes the high tech ability to communicate with each one of them both externally and internally. We have, now, truly entered the future, and it looks very bright. GE is at the forefront of that journey, and It looks like they are going to take the reigns and plow forward.
It is now easy to see why investors are getting on the bandwagon. I wonder why they were not so positive and optimistic a few years ago. Although nothing is guaranteed in life, GE has definitely started to build a beautiful foundation for the future. Getting rid of bad financial issues and building out the industrial arms is the key to the puzzle. Nothing is going to be easy, and I am sure the road will be rocky from here on for a while. However, things are looking better, and once some of the loose ends are tied up, I think GE will push its business performance higher and the stock price should follow in step.
The price of the stock has been so depressed for so long, it really has not contributed to the bull market of the past few years. Maybe that will change in due time. For now, I am just trying to enjoy some positive news, and a new multi-year high. They say, “Good things come to those who wait.” I feel that statement is very true, but I also believe that good things come to those who make them happen. I truly believe GE is making it happen. By virtue of association, I hope to reap some of those good things, and I am feeling no issues with having to wait.
From the first time I bought shares of GE, I saw the trees and not just the forest (As I typed this post, GE passed 29 for the first time in many years and it is 29.15). I see great products and services in a company that is reinventing itself as the premier Industrial of the world. Time will tell, but for now, I am OK with my investment in GE.
Robert the DividendDreamer
AKA — Seeking Dividends
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AKA — DividendDreamer