Friday, March 21, 2008

A Mega-cap Global Pick

I've always been amazed that a company of GE's size can be as effectively managed as it has been. I think this is why I've stayed away from it to date. Investors have "sold down" the stock to a historical "low" multiple of 15 because of its large financial division although it appears this was irrational. This interview lends further insight from Morningstar:

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