From Louis Navellier, Editor, InvestorPlace:
I get asked constantly for my take on General Electric (GE). It’s a Dow 30 stock… it has been publicly traded since the early 1960s… it has a 3% yield… and it’s a $117 billion company that is widely held.
And it shocks everyone when I tell them it’s one of the most toxic stocks on the market… In my 35-plus years in the industry, I have never recommended the stock and have no plans to advise anyone buy a single share.
When you look at the one-year, two-year, or even five-year performance of this stock, there should be no question why I have stayed as far away from the company as possible.
Holding the stock through the last five years of this incredible bull market, you would have lost around 41% of your investment. Compare that to a roughly 70% gain in the Dow.