Thursday, July 9, 2009

GE $2 stock ?


Managing director of Newport Value Investors and long-time bear, Charles Ortel, is out with a bold call on General Electric (NYSE: GE) this morning. Appearing on Yahoo!'s Tech Ticker show, the researcher called GE a $2 stock. GE only had $2.8 billion of tangible common equity while at the same time holding about $470 billion in debt.

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