General Electric Co. (NYSE:GE) is one American business that's been around the block more than a few times. The company has seen its share of ups and downs and so have the investors who have tenaciously held their shares.
Right now, GE appears to be stabilizing from an operational standpoint, and the stock price seems to be firming up as well.
There's no question GE and its stock were hit by the global financial crisis. The company's huge GE Capital division faced all of the same problems faced by many of America's largest financial outfits. This put a drag on earnings for the conglomerate, as well as the share prices.
Now the company seems to have engineered its turnaround and has even announced a small profit for the fourth quarter. The company earned 36 cents a share on sales of $46 billion.
The big question remains how will GE Capital's toxic asset portfolio affect future earnings. As long as the threat is there, it could continue to constrain GE stock growth. We will learn much more about this in the coming months as 2010 data is crunched. If the worst is over for GE Capital, GE stock could be set for a decent run.
Stephen Pierce is offering his book "Make Real Money on the Internet" absolutely free!!!!!! Get your copy today!!
Right now, GE appears to be stabilizing from an operational standpoint, and the stock price seems to be firming up as well.
There's no question GE and its stock were hit by the global financial crisis. The company's huge GE Capital division faced all of the same problems faced by many of America's largest financial outfits. This put a drag on earnings for the conglomerate, as well as the share prices.
Now the company seems to have engineered its turnaround and has even announced a small profit for the fourth quarter. The company earned 36 cents a share on sales of $46 billion.
The big question remains how will GE Capital's toxic asset portfolio affect future earnings. As long as the threat is there, it could continue to constrain GE stock growth. We will learn much more about this in the coming months as 2010 data is crunched. If the worst is over for GE Capital, GE stock could be set for a decent run.
Stephen Pierce is offering his book "Make Real Money on the Internet" absolutely free!!!!!! Get your copy today!!
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