General Electric Company (GE) can potentially report $2.50 per share in an up cycle and deliver a 3%-plus dividend yield to patient investors looking for a significant return, says Brian K. Langenberg, Principal and Founder of Langenberg & Company, LLC.
“Based upon our own study of GE‘s earnings power, including analysis of the understated results going back over two decades, we believe the company can potentially report about $2.50 per share in a full-power generation up cycle, provided they execute,” Langenberg said.
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Currently GE trades around $23, yet with the potential to return to a peak $1.28 dividend with a 3% yield, the stock can move upward to $40, positioning GE to be a valuable upside pick for long-term investors, Langenberg says.
“This one will require patience — few power plants being built in the U.S. — getting out back office costs and integrating their deals, and patience-of-Job acceptance that they usually overpay for acquisitions. But you get a 3%-plus dividend yield to wait, and both GE Capital and the parent are underleveraged,” Langenberg said.
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