GE was formed in 1892 via the merger of Edison General Electric Co. and Thomson-Houston Co. In 1896, it was one of the original 12 companies that formed the Dow Jones industrial average, and after 117 years, it's the only one of the original companies still listed on the index.
Today it's one of the largest and most diversified technology and financial services companies on the planet. With products including power generation, household appliances, jet engines, water processing, medical imaging, aerospace systems, mining equipment, many types of engines, business and consumer financing, and lighting products, GE serves customers in more than 100 countries. Revenues for 2013 are expected to be $156 billion. Earnings should be $1.70 a share, and GE has a 76-cent dividend, which yields 3.2 percent. Going out four years, the consensus expects GE to report $190 billion in revenues, post earnings of $2.80 a share, pay a dividend of $1.25 and trade at $50. So selling a classy company such as GE would be a big mistake, as well as unpatriotic.
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