GE is getting trashed following weaker than expected results. You have to understand that most of this is coming from the fin. side.
GE's a buy here at $34.
PS: Some perspective from a very smart hedgie:
"..I changed my whole perspective the day... UBS reported a staggering 19Bln charge... WAY more than expectations... and closed the day up$4.."
NC
Even if finance came in as planned, GE still would have had a two cent miss. Immelt said both healthcare and appliance businesses were weak. Healthcare seems to be a big surprise.
ReplyDelete$2.20 x 15 = 33.00 I think GE fairly valued here...
ReplyDeleteI sold my long position at $35 today in pre-market. Altough I am quite positively disposed toward GE in longer term, I would be surprised if GE traded up above $35 in short term (i.e. within a couple of weeks). The analysts are still too optimistic in my opinion.
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