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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (30629)4/11/2008 7:08:18 PM
From: Spekulatius  Read Replies (1) of 78680
 
GE - I am also surprised by the recent shortfall. Luckily i did sell out GE recently in my IRA accounts because I considered it close to full value at around 37$.
A few things:
1) They did make less money in their financial business but they did not have large writeoffs like many purebred financials either.

2) Weakness was not just in financials. the industrial part and even NBC showed shortfalls as well (except for energy and oil)

I bought back a partial position today at around 32$. i still think it's one of the better plays. As I mentioned before, it looks like the pain in spreading to industrials as well. I imagine that most foreign industrials that have export business in the US is hurting quite a bit due to the lower US$. The lower US$ has shielded many industrials with international business from the downturn so far and it looks like this backwind is overshadowed by the macro headwinds.
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