GE'S Immelt Said GE Capital Worth $10-$20B
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.
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