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To: GST who wrote (143427)6/26/2002 4:56:37 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
No one in their right mind would call it "cheap", but there is at least a case for a bear market rally in GE at this price

Follow that URL and look under the P at P/E ratio.... damn near 20!!

That is my friend a case for GE at $20, not a case for GE at the current price.



To: GST who wrote (143427)6/26/2002 10:34:48 PM
From: schrodingers_cat  Read Replies (3) | Respond to of 164684
 
I'm bullish on the market, but I'm not a big fan of GE at this point. Long term, its a very big company with a fairly high multiple, and I don't see where future growth is coming from. Short term, it broke it's Sept lows (closing basis) by about 5%, so technically it's a bit suspect.It'll probably rally along with the rest of the market but I wouldn't hold it long term. I don't think that $20 is out of the question a few years down the road.