No matter the industry, the best companies have a key similarity that makes them worth owning over the long term.
As they enter the final quarter of calendar year 2022, many investors are probably wondering when the sell-off will end. This year has tested the patience of even the most experienced investors as the tech-heavy Nasdaq Composite is down over 30% from its all-time high while the S&P 500 remains down over 20%.
The industrial giant is symbolic of the value available in the market now. There's no doubt that its near-term earnings and cash flow projections are under threat. The ongoing issues are lowering GE's earnings potential and pushing out its free cash flow (FCF) generation.