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General Electric (GE-N) opinion on 2017-01-11

Last Price Recorded: 18.2500 on 2017-11-16

ON STOCKCHASE SINCE Oct 2000

electrical/electronic
DON'T BUY

Christine Poole
General Electric was $31.470 at time of opinion
Owned : No

This has been repositioning its portfolios businesses over the last 5-6 years since the financial crisis. They were decreasing their exposure in GE Capital, retrenching in those businesses and selling off some. In October they announced a joint venture with Baker Hughes where GE is going to own 60%. They still have 8 different reporting segments, with none accounting for 20% of their earnings. Still very diversified. Trading at about 20X forward earnings, so it is not really that attractive. With divesting of assets, they have to replace the earnings those assets were generating. They’ve been putting some of that money into share buybacks, but that can only go on so long. She prefers others.

UNKNOWN

All opinions for GE-N (871)

228 BUY
22 BUY on WEAKNESS
143 COMMENT
173 DON'T BUY
76 HOLD
3 PARTIAL BUY
55 PAST TOP PICK
31 SELL
1 SPECULATIVE BUY
2 STRONG BUY
76 TOP PICK
3 VAGUE
19 WAIT
8 WATCH
31 WEAK BUY
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All opinions for GE-N (871)

228 BUY
22 BUY on WEAKNESS
143 COMMENT
173 DON'T BUY
76 HOLD
3 PARTIAL BUY
55 PAST TOP PICK
31 SELL
1 SPECULATIVE BUY
2 STRONG BUY
76 TOP PICK
3 VAGUE
19 WAIT
8 WATCH
31 WEAK BUY
View All

More experts covering GE-N

SAVE
Add GE-N to Watch List

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