GE near 10-year low

GE reached its 52-week low today at $31.55 per share. This price was first crossed in 1998, almost 10 years ago. It seems that anything GE does no longer make any difference. Has the time for GE passed already? Or is it time for GE to regenerate itself to make another run on the global industrialization process?

If I were the leader of GE, I would make GE an infrastructure company, more or less like General Engineering. I would also purchase a few engineering companies like Bechtel or Fluor to help GE execute well large scale infrastructure projects. Selling engines or wind blades is the business of the past.

I much admire IBM or HP in their pursuit of their complete ecosystem approach for their business. IBM started on making typewriters while HP started on printers. Their products backgrounds did not stop them becoming the global IT companies of choices.

GE leaders lack the global vision of technology evolution. Their retreats to the financial services industry (the GE Capital) will ultimate deplete this once great technology company.

However, the current market is well below its underline value. I believe that GE stock price has very strong potentials to rebound back to its historical highs around $57 per share in the next five years.