General Electric Is Uninvestable [Seeking Alpha]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations:
ge.com/investor-relations/overview
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Source: Seeking Alpha
Summary General Electric's stock does not present a good opportunity. Restructuring will not lead to shareholder value creation because the company is not trading at a discount. The Wabtec deal is an example of why spinoffs will not always create value. I believe that the Wabtec deal valued GE transportation at 13x earnings, making it a dilutive deal based on GE's current forward P/E of 16x. Investors picking a bottom here should reconsider. It doesn’t take much for bottom fishers to get excited about General Electric ( GE ). An underperforming cyclical business and rock bottom share prices are definitely an alluring combination for those looking to capitalize on the stock’s “cheapness.” A while back I stated that General Electric’s stock could get interesting at $18 . This was when the stock traded at $30. Since then, shares have declined well past the $18 level to as low as $13 before coming back recently on the back of the restructuring story getting more t
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News
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- General Electric (NYSE: GE) had its price target raised by analysts at Argus from $170.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website