Deals
Valuation Whiz Calls GE ‘Significantly Undervalued’ After Sell-Off
- NYU’s Damodaran sees possible slow-growth, high-margin future
- ‘Larry the Liquidator’ seen as model for company’s new CEO
Photographer: Martin Divisek/Bloomberg
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General Electric Co., on track for its biggest annual share decline in a decade, has at least one prospective investor: one of the world’s foremost experts on stock valuations.
“I believe that the market has over-corrected for GE’s many faults, and at the current stock price, that it is significantly undervalued,’’ Aswath Damodaran, a finance professor at New York University, said Wednesday in an analysis on his website.