Cramer Gets Behind General Electric (GE)

On tonight’s MAD MONEY on CNBC, Jim Cramer came out talking up the aspects of General Electric Co. (NYSE: GE).

Cramer discussed how it is winning in financial services while others are failing, noted how it hasn’t rallied with other financial stocks, discussed the consolidation of its enterprise, and more.  He also noted how it is winning in energy and alternative energy and noted how the new $8 Billion pact with Mubadala in Abu Dhabi is going to bring in a shareholder who has committed to buy millions of shares of stock in the open market to become one of GE’s largest shareholders.

I recently got an exclusive interview with G.E.’s CFO Keith Sherin after the company got off its earnings call to discuss the growth aspects of the rest of the G.E. you don’t really think of.  The day before earnings I had some real concerns because of the break-up announcement timing, but after I heard what was being offered up for targets and for some of the other aspects of G.E. that are often overlooked or not addressed it was rather impressive.  That’s even more of the case when you consider the current environment.

If you’d like some supporting data for forward valuations based upon company guidance, we actually established a fair value stock price based upon many issues we are updating for newsletter subscribers right now.

Jon C. Ogg
July 23, 2008