100 Year Old Company New Play on Emerging World: Seymour
This company has been around for over 100 years, but trader Tim Seymour sees it as a new emerging markets play.
We’re talking about GE, the minority owner of CNBC.
Seymour points to a slew of positive developments happening at GE, all of which involve emerging markets in some way. For example:
- GE sees $90 billion in China opportunities over the next 5 years
- Emerging markets will account for 50% of revenue in 10 years
- GE has a $10 billion Latin American venture in 2012
- 42 new products are coming out in India.
- GE expects sales to rise as much as 25% this year in Australia
“This company is growing where the world is growing,” says Seymour. “GE is one of the most exciting structural long term plays on emerging.”
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Trader disclosure: On March 7, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Najarian is long (AAPL); Najarian is long (FIO); Najarian is long (VMW); Najarian is long (P); Najarian is long (CRM); Najarian is long (FSLR); Najarian is long (VERX); Najarian is long (CIGX); Najarian is long (CME); Najarian is long (CBOE); Finerman is long (AAPL); Finerman is long (JPM); Finerman is long (HPQ); Finerman is long (GOOG); Finerman is short (IWM); Finerman is short (SPY); Finerman is short (MDY)
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CNBC.com with wires.