GENERAL ELECTRIC CO. $31 (New York symbol GE; Conservative Growth and Income Portfolios, Manufacturing & Industry sector; Shares outstanding: 9.2 billion; Market cap: $285.2 billion; Price-to-sales ratio: 2.4; Dividend yield: 3.0%; TSINetwork Rating: Above Average; www.ge.com) has completed the sale of its appliance division, which makes refrigerators, ovens and washing machines, to China’s Haier Co. for $5.6 billion.
That’s $200 million more than the original sales price due to this business’s improving balance sheet.
GE is a buy.