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Why GE stock may be a buy after getting dumped from the Dow
To understand why, look at what happened to IBM (IBM)*in 1939, when it was kicked out of the Dow. Norman Fosback, the erstwhile head of the Institute for Economic Research, reported in his investment textbook “Stock Market Logic” that “the DJIA would today be more than twice its currently quoted level” had IBM not been kept out of the Average for those four decades — meaning the Dow currently would be at around 50,000. One measure of this comes from an analysis of the two dozen stocks that have been added or deleted from the Dow since 2000.
https://finance.yahoo.com/m/c22dbba...b059/why-ge-stock-may-be-a-buy.html?.tsrc=rss
To understand why, look at what happened to IBM (IBM)*in 1939, when it was kicked out of the Dow. Norman Fosback, the erstwhile head of the Institute for Economic Research, reported in his investment textbook “Stock Market Logic” that “the DJIA would today be more than twice its currently quoted level” had IBM not been kept out of the Average for those four decades — meaning the Dow currently would be at around 50,000. One measure of this comes from an analysis of the two dozen stocks that have been added or deleted from the Dow since 2000.
https://finance.yahoo.com/m/c22dbba...b059/why-ge-stock-may-be-a-buy.html?.tsrc=rss
