General Electric shares poised to outperform -Barron's

Sept 22 Sun Sep 22, 2013 12:12pm EDT

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Sept 22 (Reuters) - General Electric Co shares are poised to outperform the broad stock market, after lagging behind for more than a decade, as its business outgrows the economies where it operates, financial newspaper Barron's reported in its Sept. 23 edition.

Shares could rise more than 30 percent to $32 over two years from its recent levels, the weekly reported. GE has a backlog of business contracts of $223 billion, it said.

Splitting off the company's finance business will make it look more like an industrial business, which would make it easier for investors to back, it said.

GE shares closed on Friday at $24.01 on the New York Stock Exchange.

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Comments (1)
424112 wrote:
Ok that would be great. And raise the dividend to $1/sh which would be even better.

we GE shareholders are patiently waiting- Immelt and GE have prmised more money back to the shareholders after cutting the dividend by 2/3 back in ’09.

all I have seen GE do is over pay on aquisitions and insiders selling their shares as quick as they get them.

when GE spins off the finance arm, will shareholders get an of the action there ?? or just see the bonuses go to the top boys?

watching and waiting.

Sep 22, 2013 8:16pm EDT  --  Report as abuse
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