Gene Marcial examines General Electric (GE)

"At its current price, GE is trading at about 9.6 times 2009 estimates. The last time it traded at that p-e was in 1982. GE's price-earnings multiple was as high as 50 in 1999....

GE's infrastructure unit appears poised for sustained long-term growth. The large energy unit is positioned to benefit from strong global demand for energy production, and for alternatives to fossil fuel generation, in light of concerns over global warming....

It has signed up to use the Federal Reserve's Commercial Paper Funding Facility in order to facilitate and improve customer liquidity. The Fed program, says a GE insider who asked not to be named, could accommodate $90 billion of liquidity for GE and GE Capital." -Stock Article Link