The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics relating to their 10-Bagger portfolio.
General Electric recently beat earnings expectations, excluding charges. But John and David think there's more to the story. Revenue only grew 2% and came in shy of analysts' estimates. But the real story might be that GE is returning to its roots. It has been selling financial businesses, and investing in industrial businesses to make sure it can compete with the likes of United Technologies, 3M, and Tyco. In fact, GE is splitting its energy business into three operations. The move will cut costs, but it will also bring operational efficiencies. GE is really starting to look interesting. It has a 3.4% yield, and Jeff Immelt continues to make excellent progress. An economic slowdown might really hurt the business, but that could also create a tremendous buying opportunity.
General Electric is a solid company that pays a pretty attractive dividend right now. To learn more about some equally strong performers, check out "3 Stocks That Will Help You Retire Rich." In the free report, we reveal some stocks that could help you as well as some winning wealth-building strategies. Click here to keep reading.