Some introduction of the company:
A diversified industrial corporation whose products include major appliances; lighting products; industrial automation products etc. Its services include product services; electrical apparatus installation, engineering, and repair and rebuilding services.
1. The company has been one of the largest US companies globally and well established.
2. It has reached a low of $5+ trading range and now its trading band is between $12.60 - $13.78+
3. Warrent Buffett has a vested interest in this company at a conversion price of $22.50 per share.
Below is the 10 years trading chart for GE:
The highest it went was at $60+ in 2000 - 2001, while after that, it was trading at the range of mid $20+ to a close of $40 until mid 2007 when the subprime crisis occurred.
A steep fall and now trading at a range of $10-$14, does it warrant a buy-in? From the trends, it seems that it cannot reach its peak in 2001 and even when the economy recovers, it may not even reach the peaks of $40+. Judging from the trends, I'm looking at the next 10 years of a price at around $20-$30+ highest.
I'm not very inclined to see that it may reach the highs based on the following trends. If I am able to obtain the results from 1989 - 1999, it may show a clearer picture.
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