“It’s not so much the loss of revenue, it’s the chink in the armor (for GE),” said Keith Springer, president of Springer Financial Advisors in Sacramento, California, which recommends clients underweight large-cap and industrial stocks.
“This could open up the door to competition in other areas,” he said. “It could make cities, states and governments start to think, maybe we should start looking at alternatives.”
That in turn could double the decline in GE’s share price, Springer said.
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