Lou Siegs

GE: Still a Bargain

Let's avoid the cram down on mgt. GE is a great buy using pure technical analysis. Valuing GECC at -0- and .28 share earnings it currently trades at 3.53 P/B and 14.35 P/E, slightly better than UTX and HON. GECC has $109.6 B in cash, a staggering sum. It's Liabilities to Assets is 89% exactly the same as MTB Bank who also has substantial RE loans and is back to its Fall '08 price. Beats the hell out of a 1 Yr. 2.5% CD!