TheStreet’s Jim Cramer explains why while he wouldn’t be a seller of GE stock, he wouldn’t be a buyer of it either. He says he likes GE’s core business which at $100 a barrel for oil was great but current oil prices diminish any upside potential. Cramer says there needs to be a rebound in oil prices in order to regain operating leverage. He says while GE has a great yield, the company has moved so aggressively into infrastructure that is energy-related and into energy that the actual business that we like GE for which is the industrial business has become as much as 15% to 20% oil. He concludes that the way GE expanded in the last year just doesn’t look as brilliant with current oil prices.
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