Well-Managed Companies at Attractive Prices
The stocks of undervalued, high-quality companies run by adept managers are appealing no matter the market climate.
Stocks endured another rough-and-tumble week: 1,000-point swings in the Dow Jones Industrial Average almost seem commonplace these days.
As a result, the death of former General Electric (GE) CEO Jack Welch flew a bit under the radar. Welch revolutionized the conglomerate during his two-decade reign by aggressively dumping money-losing businesses, acquiring RCA (which included NBC), and growing GE Capital. GE became a profit machine. He was considered by many to be the greatest chief executive of his time.
Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.