General Electric is worth less than $5 per share, JPMorgan says - Business Insider

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General Electric is worth less than $5 per share, JPMorgan analyst Stephen Tusa says as he withdraws target price

A drop to $4.99 would represent a 25% decline from Friday's close.has become a well-known analyst on the name,

General Electric still has no official earnings guidance, which provides little visibility on the business looking three to six months out, Tusa said. Tusa thinks "the collapse of this forward estimate [free cash flow] curve is coming soon," the note said.

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Sad to a company I have proudly worked in for 4 years.

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