GE (NYSE:GE) Getting a Happy New Year in 2011?

While the optimism being asserted and projected by General Electric (NYSE:GE) CEO Jeffrey Immelt is more theoretical than real, there is something to say for the fact that the share price of GE has lagged other companies over the last couple of years, remaining level during that time, and it could be poised to catch up with the rest of the market based on valuation if nothing else.

And even though some have pointed out to strategic moves made by Immelt and GE as making them a better company, what really is going to generate growth going forward is acquisitions.

General Electric has a war chest of up to $30 billion to make deals with, and they're going to take advantage of that cash, albeit not necessarily the top end of the capital.

So if acquisitions can add fairly quickly to the bottom line of the company and there is significant organic growth (which is very questionable), GE could generate significant return in 2011 for shareholders.