not vested
Best Stocks to Buy: General Electric (GE)
Dividend Yield: 3.2%
Long-Term Growth: 12.1%
GE is a leading American industrial conglomerate that has clearly stood the test of time. It was an original Dow component over a century ago, and it will likely still be around a century from now.
Though for a while, that might have been a dubious statement. Back in 2008, during the pits of the financial crisis, GE had to go to Warren Buffett begging for money. GE’s financial arm, like virtually every bank out there, had gotten in over its head. And GE Capital had grown to the point that GE looked more like a mammoth hedge fund than an engineering company.
Thankfully, that has changed. GE has spent the better part of the past decade winding down its financial operations, and GE was recently removed from the list of “systematically important financial institutions.”
It took time, but GE finally looks like a real industrial company again, and a leading producer of everything from aircraft engines to medical devices.
GE isn’t exceptionally cheap right now (few stocks are in this market), but if you’re looking at a holding period of forever, then buying at today’s prices isn’t unreasonable. GE sports a respectable 3.2% dividend.
Source: Investor Place