2006-10-07 07:22:09 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
GE is a strong, international company that is not afraid to diversify, but they keep an eye toward the future, and just keep staying strong.
2006-10-07 07:30:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The advantage is diversity casts a wide net. If there is money to be made, one of the sectors will have it covered. If money is being lost in a recession, no one sector will take a big hit, minimizing your loss risk.
Their sectors you can find on line: Yahoo home/finance - type in GE under stock symbol. You can also check out the stock on most brokerage sites such as Fidelity and advisory sites such as VectorVest.
The issue is not rather or not the company is good - but rather is it good at this price.
2006-10-07 14:30:49 · answer #2 · answered by Joe Cool 6 · 0⤊ 0⤋
Companies put a positive spin on everything they do. When they acquire a new sector, call it diversification. When they sell off, call it re-focus on our core businesses. It is always good no matter what.
GE is most commonly known for their industrial equipments and electrical equipments. They are also in the business of making medical devices and providing financial services.
Best wishes.
2006-10-07 14:32:46 · answer #3 · answered by JQT 6 · 0⤊ 0⤋