This GE bear is unfazed

|By:, SA News Editor

General Electric (NYSE:GE) was up more than 10%, and is now higher by 7.25% following JPMorgan's Stephen Tusa ringing the register on his short recommendation.

Not budging from his bearish view, though, is Gordon Haskett's John Inch. He notes the other GE news of the day - the (fire?) sale of ServiceMax as a reminder of the company's "outsized and woeful" track record of value destruction.

Inch: "While GE and bullish analysts continue to downplay the company’s liquidity risks/challenges, we believe ongoing business ‘fire sales’ possibly point to a different story."

Source: Bloomberg

Subscribe for full text news in your inbox