Stepheen Leeb in his book The Coming Economic Collapse sees GE's energy division growing as much as 25-30% annually over the next decade, because it is so well-positioned with its alternative-energy technology (e.g., wind, coal, nuclear energy, natural gas).
Immelt has been given little credit in a truly tough economy. I believe he's got something to prove and has stepped up to the challenge. And I don't think he misjudged the value of his company now himself when he bought millions of shares at several points higher than GE is going for now.
That's why I bought heavily into GE this week. I want to be in a solid company that's already prepared for the alternative-energy boom that's coming--rather than in a newer alternative-energy company that might not really exist, take years to show a profit, or go belly up.
Thanks for that info. You are 100% correct. And if they are missing a link let GE figure out what smaller companies to buy for their alternative energy division. Most of these small alt energy companies are scams. Getting back to GE i believe that within the next few weeks you will be reading in Barrons an interview with some major stock guru that say's GE is the way to play Alt Energy. Then watch this stock take off. you will have wished that you bought more.