The Long Case for GE

Summary: General Electric (GE) appears to be a good buy—for both price and dividend growth—at its current price of around $28.

Type of Company and Stock: GE is a conglomerate, and its participation in several very different industries makes it almost impossible to categorize into my usual Type A, B, or D classifications. If I had to pick, I'd call it an A-B company. Morningstar places GE in its Large Value style box, describes its industry as Diversified Industrial Materials, and its type as Classic Growth. As we will see, these categories do not begin to truly describe GE's breadth.