24/7 Wall St.
04-11-2008, 10:11 AM
24/7 Wall St. Daily News
General Electric Co. (NYSE: GE) poor earnings report may be a shock to most. When you consider that the annual preview was just given one month ago, this flies in the face of the economy and the financial malaise bottoming out around current numbers. So what we wanted to do was come up with a fair market value based upon Jeff Immelt's new guidance for 2008. Immelt put guidance at $2.20 to $2.30. If you take a mid-point of $2.25 and assign a fair market P/E multiple of 15, you derive a new fair value of $33.75 for the stock....http://feeds.feedburner.com/~f/typepad/RyNm?i=djHnDTG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=djHnDTG) http://feeds.feedburner.com/~f/typepad/RyNm?i=K1txWMG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=K1txWMG) http://feeds.feedburner.com/~f/typepad/RyNm?i=bKGS2Wg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=bKGS2Wg)
complete story here... (http://www.247wallst.com/2008/04/ges-new-2008-fa.html)
General Electric Co. (NYSE: GE) poor earnings report may be a shock to most. When you consider that the annual preview was just given one month ago, this flies in the face of the economy and the financial malaise bottoming out around current numbers. So what we wanted to do was come up with a fair market value based upon Jeff Immelt's new guidance for 2008. Immelt put guidance at $2.20 to $2.30. If you take a mid-point of $2.25 and assign a fair market P/E multiple of 15, you derive a new fair value of $33.75 for the stock....http://feeds.feedburner.com/~f/typepad/RyNm?i=djHnDTG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=djHnDTG) http://feeds.feedburner.com/~f/typepad/RyNm?i=K1txWMG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=K1txWMG) http://feeds.feedburner.com/~f/typepad/RyNm?i=bKGS2Wg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=bKGS2Wg)
complete story here... (http://www.247wallst.com/2008/04/ges-new-2008-fa.html)