We Believe the Fundamental Bottom for GE Stock Is Fast Approaching; Slightly Reducing Our FVE
After digesting the March 14 investor presentation disclosures and making a thorough review of narrow-moat GE’s 10-K filing, we anticipate reducing our fair value estimate by about 10% to around $12.40 from $13.80 previously. About 2% of the 10% reduction is due to the Wabtec spin where we included this portion as an enterprise value adjustment, while the remainder is due to our view of a prolonged recovery. We believe GE Power will take significantly more time than we initially anticipated to t...General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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