GE'S Immelt Said GE Capital Worth $10-$20B
More News related to GE
- Notable Analyst Rating Changes 11/06: GE, CBS, HD/LOW, M Upgrade; ESLR, RMD, SUN Downgrade
- Dually Upgrade on GE (GE) Working, Stock Up 5%
- Bernstein Upgraded General Electric (GE) to Outperform
- Oppenheimer Gets Bullish on GE (GE), Upgrades to Outperform
- Oppenheimer Upgrades GE to Outperform, $18 Price Target
In an interview with Charlie Rose last night, General Electric's (NYSE: GE) CEO Jeff Immelt said GE Capital is undervalued by investors and is "worth $10 billion or $20 billion."
Immelt also said non-U.S. revenue would climb from 50%-60%.
On the stimulus, Immelt said it "has to get faster."
Shares of GE closed at $11.86 yesterday, with a 52-week range of $5.87-$30.39.
UPDATE: The comments form Immelt have been misrepresented. On the show Immelt suggested that GE Capital is worth significantly more than $20 billion.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
Insiders' BlogTrader Talk
Stocks Mentioned
+0.90Comments
GE Capital worth
That's quite a spread..$10 billion to $20 billion..If I tried to sell my house for between $500,000 and $1,000,000 the buyer would think I'm nuts..
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Immelt's comments misinterpreted
Anne Eisele on Jun 26, 2009 08:40 AMAnne from GE -- what GE CEO Jeff Immelt said was that the market is currently attributing a value of that much to GE Capital -- not that he believes that's what it's worth.