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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (203589)11/8/2002 4:36:41 PM
From: mishedlo  Read Replies (1) of 436258
 
Look at this pot and kettle story

JPM, aka Derivative King, saying GE has too much leverage?? LMAO

2:49pm 11/08/02
GE falls after cautious note from J.P. Morgan (GE) By Julie Rannazzisi
General Electric (GE) was among the Dow's leading losers throughout the trading day following a cautious note from J.P. Morgan. The firm said an analysis of GE Capital's balance sheet suggests a "higher degree of leverage" than it had previously thought and added that this could have implications for GE's acquisition strategy and reported returns. Still, J.P. Morgan maintained its "neutral" rating on GE given its relatively attractive valuation, though it's cautious on the stock ahead of 2003 earnings outlook. GE lost 4.6 percent in recent trades to $24.90.
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