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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GE is diversified in itself, they do a little bit of everything. They have been dragged down recently because of their involvement in financials, but have their hands in international business, green tech, and a strong defense branch, just to name a few. Even in bad times, their PE and forward PE look decent, and no signs that the 8% dividend is going anywhere either. A steal at this price