GE's (GE) CEO Immelt Said GE Capital Significantly Undervalued
Apparently, comments from General Electric's (NYSE: GE) CEO Jeff Immelt on PBS with Charlie Rose last night about the value of GE Capital are being misrepresented.
It has been reported that Immelt said that GE Capital is worth $10-$20 billion, but after watching the show Immelt actually said this is the value that the market is attaching to the unit, which is approx. 50% of the company's revenues.
Immelt actually said at its peak the market was valuing GE Capital between $150-$200 billion and now the market is valuing it at $10-$20 billion. Immelt said maybe it is not worth $200 billion, but it is definitely worth more than $20 billion.
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