At a time of erratic behavior in the market, a safe harbor may be the right choice. General Electric Company (GE) appears to be a good value at these levels, selling today at 28.58.
GE operates as a technology, media, and financial services company worldwide. Its infrastructure segment produces jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines; aircraft engine derivatives; gas and steam turbines, and generators; drilling and production systems, compressors, turbines, and industrial power generation equipment; diesel-electric locomotives; and water treatment solutions for industrial and municipal water systems. It also offers financial products and services for aviation and energy sectors, as well as engages in gathering, processing, transporting, and marketing natural gas and gas liquids.
On a long term view, GE is well positioned in the wind turbine sector (alternative energy), water treatment and energy efficient aircraft engines.
At about a 31.3% discount from its highs of late September '07, P/E of about 13, a 4.3% dividend, massive average daily volume, and worldwide exposure and recognition; I would not hesitate to take a long position in the company.