A Knock On GE (GE)
October 14, 2007 by Douglas A. McIntyre“GE did not manage to convert growth into profitability as well as we had expected,” Nigel Coe at Deutsche Bank said to the FT. That seemed to sum up why the GE third quarter earnings pushed the stock down last week.
Margins in the big GE infrastructure businesses fell slightly compared to the numbers for the third quarter last year. The same was true for the commercial finance operations.
GE can continue to show "faster the the economy" growth. But, the market wants to see a better yield.
Douglas A. McIntyre
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