Why I (Finally) Bought Shares of General Electric
General Electric (NYSE: GE) just can't seem to catch a break from the stock market. Shares of the industrial conglomerate were hit hard during the Great Recession, thanks to its GE Capital consumer credit division. While they've recovered from their 2009 lows, the price has hit the skids recently, dropping 22.7% so far this year while the S&P 500 has risen 13%.
Despite the negativity, I recently bought shares of GE. Here's why I took the risk -- because it is a risk -- and why you may want to as well.
Industry titan General Electric has been plagued by a trend of underperformance. Here's why investors may want to buy anyway. Image source: Getty Images.
Source: Fool.com
General Electric Co. Stock
€320.10
-1.290%
Currently there is a rather positive sentiment for General Electric Co. with 43 Buy predictions and 5 Sell predictions.
On the other hand, the target price of 302 € is below the current price of 320.1 € for General Electric Co., so the potential is actually -5.65%.
