GE Falls as Analyst Sees Fresh Warning Sign for Finance Arm
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General Electric Co. shares took another dive on Monday, after Gordon Haskett analyst John Inch said the bankruptcy of helicopter lessor Waypoint Leasing could spell trouble for GE’s finance arm.
Inch highlighted Waypoint’s struggles amid an energy industry pullback in rotorcraft usage because of distress in the offshore oil and gas sector. Lessors have too much capacity and too little demand, Inch wrote in a note to clients.