Deutsche Bank Said GE Industrial (GE) Worth $12, But GE Capital Concerns Keep Them On The Sidelines
Deutsche Bank is commenting on GE (NYSE: GE) today following the free-fall in the stock. The firm said they are inclined to be much more positive since GE’s industrial businesses are clearly worth more than the current share price, but…
Deutsche Bank is commenting on GE (NYSE: GE) today following the free-fall in the stock. The firm said they are inclined to be much more positive since GE’s industrial businesses are clearly worth more than the current share price, but they remain on the sidelines due to lingering concerns.
The firm said, “…we value GE Industrial at $12/share and so we believe the market is factoring GE Capital at a negative valuation of as much as $60bn…
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
