Up More Than 90% in a Year, Is GE Still a Value Stock?
General Electric (NYSE: GE) doesn't attract the same kind of attention that it did during Jack Welch's heyday as CEO or Jeff Immelt's unfortunate tenure. However, GE investors won't care about that because the stock is up 91% over the last year as Larry Culp continues his impressive company turnaround. The question now is whether the great run is over or not.
To answer this question, you must return to what happened to the company and the stock over the last year. In truth, it's a combination of the market realizing the value opportunity in the stock, management's excellent execution, and a consequent upturn in prospects across all three of its businesses.
The value case for the stock was made last summer, but of course, for a stock to turn out to be "value," it needs growth, just as there's no point buying a growth stock unless there is "value" in the stock. The good news is that GE has delivered on the growth front.
Source Fool.com
