General Electric: What We Do Know

General Electric (GE) shares are down ~25% on a YTD basis, which means that the industrial conglomerate has underperformed the broader market by ~35 percentage points so far in 2017.

(Source: Nasdaq)

Expectations for GE to report poor financial results over the next few quarters, coupled with the expectation that the company's new CEO, Mr. John Flannery, will be ratcheting down 2018 guidance, has caused investors to run for the hills.

More recently, GE shares have continued their downward trend, as a JPMorgan analyst published another extremely bearish note on the industrial conglomerate. While I agree that there is a great deal of uncertainty related to GE's future, especially over the next 12-18 months, I believe that GE shares are attractively valued at current levels. Therefore, long-term investors should use this significant pullback as an opportunity to start (or add to) a position in this storied industrial conglomerate.

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