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I still like GE

On December 4th, 2008 I took a 43.9% loss (including dividends and excluding commissions) on General Electric (GE) stock by selling it for $18.08 / share. While I still love the company and all they do, I now see GE Capital as a much bigger liability than I could imagine when I bought GE stock back in February. In addition, I now expect GE's NBC Universal subsidiary to loose a significant amount of ad revenue in Q1 2009. Infrastructure spending and investments in alternative energy, touted by President elect Obama as solutions to the country's current predicament, should help GE grow their revenues, but none of this is likely to help GE's books until Q3 of 2009. Furthermore, I don't expect the overall market (as measured by the S&P 500) to find its bear market bottom until at least the summer of 2009. And GE stock's β has recently increased to equal that of the market. All of this is making me think that I should be able to pick up GE stock at an even more attractive price level next year.

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