110 Years Is A Great Run!
This is a Post from the Symbol Surfing Blog from Tue, Jun 19, 2018.
GE has been a Dow Component continuously since November 7, 1907.
That's a great run.
But it's over now.
Initially, it seems like a bad thing.
There is a silver lining though.
"Now that GE is now longer a Dow component the company will likely split into more than one diversified entity. On a broader scale GE Industrial Businesses include aviation, oil & gas, renewable energy, healthcare, lighting, energy management, transportation and power. GE Financial Services is what’s left of GE Capital. I will not speculate on how this conglomerate can be restructured, but if they do it will be on the theory that the sum of the parts will be bigger than the whole."
Investors Should Take A Fresh Look At GE As It Leaves The Dow Next Week
Over the years, other companies have been removed from the iconic index.
Below are a couple of examples of success after leaving the Dow 30.
For example, Bank Of America has doubled since being kicked out in 2013.
Also, Honeywell has almost tripled since being kicked out in 2008.
S&P said GE will be replaced by Walgreens (WBA) on June 26, 2018.
Let me know in the comments section!
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