If you take a large chunk of GE's EPS dedicated to financial services and put a 10 multiple on that, then you're paying a tremendous amount for the rest of the business.
More Quotes from Robert Gowen:
Revenues were a little bit light, yet they made their quarter. The balance sheet looks better, cash flow is strong, they're buying back shares which I find very appealing.Robert Gowen
This is a super quality company with great management that is already getting a premium to the SP. Unfortunately people aren't willing to pay 22 times forward earnings.
Robert Gowen
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Based on Topics: Business & Commerce QuotesBased on Keywords: eps, ges
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Donald Kagan
When the belly is empty, the body becomes spirit; and when it is full, the spirit becomes body.
Saadi