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Non-Tech : General Electric (GE)
GE 291.89+1.2%3:59 PM EST
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To: Chris who wrote (879)6/13/1999 6:20:00 PM
From: taxman  Read Replies (1) of 3256
 
> THE BULL MARKET REPORT WEEKLY, JUNE 13th, 1999
> Volume 19, #9w
> PART ONE
>
> $$$$$ GENERAL ELECTRIC STARTED WITH BUY
> RATING
>
> ING Barings started coverage of GENERAL
> ELECTRIC CO with a buy rating and set a
> 12-month price target of $124 per share. They
> said the company should post
> dependable 14% earnings growth over the next
> two years. Efforts in Japan by GE
> Capital Services unit could increase that
> growth rate.
>
> COMMENT: We don't hear much from analysts
> about GE because the firm operates
> like clockwork. But when they do report, it is
> nice to hear it. We always like
> to add that since the firm has such a strong
> stock buyback program, you can add
> 3% or so to these numbers and really see what
> the stock could do as we travel
> into the future. 17-18% a year growth for one
> of the largest firms in the world
> is a powerful commentary on the state of
> economic affairs in this country and
> around the world.

regards
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