real-time news and commentary for investors
Monday, Jul 16
2012, 3:23 PM
General Electric (GE -1.2%) may look attractive on the surface, with its industrial and capital...
General Electric (GE -1.2%) may look attractive on the surface, with its industrial and capital services units both poised for cyclical gains should the economy kick into gear. However, the mega-conglomerate is a unique financial-industrial hybrid, says Morgan Stanley's Nigel Coe, and if you back out GE Capital from the numbers, you'll find that both units are actually trading at a large premium to comps., and with a little pricing competition, the company could face serious headwinds.