From the nytimes.com article: “For example, G.E., one of the great growth stocks of the 1990s, has a yield of 3 percent and a P/E ratio only a little higher than that of the overall S.& P. 500-stock index. “That looks like a value to me,†said Brian Rogers, the manager of the T. Rowe Price Equity Income fund.”
Barron’s also ran article this week where they say shares of GE could be worth mid-50s within three years — a 15% annual return.
Also, during Markel’s last earnings conference call, Tom Gayner mentioned how much growth (emerging countries) and value he see in GE.
With a market cap of $385 billion, is there really $100 billion in hidden value and growth in GE?
Margin Growth Should Drive GE for Years to Come - Barron’s - seekingalpha.com
That Household Name May Also Be a Value Stock - nytimes.com
Markel Gayner Asset Management Corporation 13F March 31, 2007 - sec.gov