Eugene David
...The One-Minute Pundit

Monday, May 15, 2006


The market affords the best-run financial companies, like Citigroup Inc. and Bank of America Corp., multiples of about 13, and the best industrial companies trade at about 18 to 19 times earnings, said Matt Collins, an analyst with Edward Jones. That leaves top-rated GE, with half of the company's profits generated by financial services, right in the middle.

Translation: GE Bancorp and Realty STILL can't make up its mind what it wants to be when it grows up.

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