Investopedia: GE's Results Reflect An Industrial Slowdown, But Valuation Isn't Bad
It wasn't as though there was much doubt about whether industrial
markets had slowed down; investors only had to look at the results from
companies such as Danaher (NYSE:DHR) or Dover (NYSE:DOV). Nevertheless, the market didn't really like what General Electric (NYSE:GE) had to say, even though organic growth
and orders weren't bad relative to peers. GE isn't the cheapest stock
out there, but expectations are low and management seems to have cogent
ideas about where the company can build value for the long-term.