Friday, July 17, 2009
Analysts Suddenly Notice The Bomb Inside GE Capital
GE's earnings today are likely to be irrelevant because Wall Street is now worried about GE's long-term exposure to commercial real-estate, the WSJ says... In April, when concerns about the real estate first surfaced, Steve Eisman of FrontPoint wrote a detailed analysis concluding that the company has $40-$45 billion of embedded losses in its commercial real-estate portfolio... If these losses were taken all at once, they would wipe out the company...
Business Insider: Analysts Suddenly Notice The Bomb Inside GE Capital
Business Insider: Analysts Suddenly Notice The Bomb Inside GE Capital
Permalink posted by markw @ 7:20 AM 
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