Let’s dive into the General Electric (GE) dividend massacre that sent the market reeling last week. When the dust settled, the payout took a 50% haircut, and the stock had plunged about 11%.
Before I go on, I should tell you that GE isn’t the only household name I’m worried about. Further on, I’ll show you another investor “sacred cow” that’s showing some eerily similar signs. Then we’ll look at an unloved pharma play that’s more than worth your attention now.
First, let’s pick through the GE wreckage and see what we can learn, and where the stock could go from here.…