General Electric (GE): Paying too much for growth?

Few companies can claim the same industrial pedigree as General Electric GE. With an ancestry that goes back to Thomas Edison, it's the longest-standing member of the Dow Jones Industrial Index. Spread across 100 countries, GE represents quality American engineering in everything from light bulbs to jet engines. And it's been making acquisitions left and right in the energy sector as of late. This week, it agreed to buy 90% of privately held Converteam for $3.2 billion. Converteam, formerly Alstom Power Generation, manufactures equipment that converts renewable power into “grid-quality” electricity. A leader in the $30 billion market for power control systems, its sales rose 36% last year to $1.5 billion, according to GE. GE)--Paying-too-much-for-growth-">Continue reading the article.