The near-term outlook for GE is good, but investors should wait for a bigger margin of safety in the shares before jumping in, says Morningstar's Daniel Holland.
With industrial orders rising, stabilization at GE Capital, and dispositions of non-core assets complete, General Electric is on track for a solid few years of results, says Morningstar's Daniel Holland.
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Among Vikram Pandit's last jobs as Citigroup Inc.'s chief executive officer was to decide the fate of the bank's hedge-fund unit, which employs some of his oldest colleagues. He agreed to give them most of it for free.