GE Aerospace has a Backlog Worth $210 Billion. Here's Why I'm Still Not Buying

Despite GE Aerospace's impressive $210 billion backlog, strong 24% revenue growth, and solid business fundamentals, analyst Reuben Gregg Brewer recommends against buying the stock. The company's valuation has become stretched, with price-to-sales, price-to-earnings, and price-to-book ratios all significantly above historical averages following a 300% price surge over three years. Additionally, the dividend yield of 0.5% is unattractive for income-focused investors. While GE Aerospace's future prospects are bright, current market pricing appears to have already factored in the good news.