The definition of a conglomerate, GE offers everything from light bulbs to power plants, jet engines to water processing, financial services to 30 Rock.
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This looks like a compelling opportunity for a global leader in infrastructure development. The stock probably got punished (rightfully so) because of its financial side and exposure to subprime nonsense. It is my undestanding that they have sold that aspect and have no exposure to subprime at this time. They just acquired the Weather Channel which should be a good earner and as the current economic downturn passes (and it will pass), this cream should rise to the top.