General Electric Company (NYSE:GE), Eaton Corporation (NYSE:ETN) – Gordon Haskett’s John Inch On Why General Electric Is ‘Very Overvalued’

General Electric Co (NYSE: GE) shares have rallied 160{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3} in the last 11 months, leading them to become “very overvalued,” Gordon Haskett senior analyst John Inch said Tuesday on Benzinga’s “PreMarket Prep” show. 

The problem is with GE being valued at under 3{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3} pre-cash yield, the analyst said.

“If everyone were valued at GE’s valuation, all these other stocks would be going up 25{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}.” 

“PreMarket Prep” producer Spencer Israel asked about the 8-1 reverse split that the GE board recommended.

Inch replied that the company did not have a good response as to why it is doing the split.

“It’s