GE valuation? A real life GE topic that's not political
The market doesn't like conglomerates, doesn't like companies that are hard to understand, doesn't like NBC, and positively loathes anything to do with finance. And GE has huge exposure to finance.
No one ever expects a downside surprise from GE, but they know there'll never be an upside surprise. And since GE never misses, some do not believe the numbers are real.
GE needs to decide whether or not it wants to be a conglomerate. If not, it should sell non-core operations like NBC and the finance side, just as it has already sold insurance and chemicals. I think those sales are a tell that it is de-conglomerating, just not as rapidly as many would like. In the short term, the share price depends on the market's treatment of financials.