https://seekingalpha.com/article/4345997-general-electric-road-to-junk-status-is-opaque
7 replies (most recent on top)
The only strategy up this company's sleeves is "sell everything but the kitchen sink" and "kick 'em to the curb". Either way, we will be working for someone else.
@qwf+14VN2kSk GE is going to need a lot more sleeves...
Walmart has a better future than we do. If I knew what I know now, I would have sold my GE stock and put it all into Walmart. Then my retirement would be set!! Go take a look at them compared to us.
Is GE is heading towards bankruptcy soon?
Who remembers this:
https://idoc.pub/documents/trian-white-paper-gepdf-vlr0vpzvkzlz
Predictions of $40 - $45 a share, $2.20 EPS, "Top-tier organic growth profile", "opportunity to return over 40% of the current market cap", etc.
Boy, somebody got it wrong.
A major U.S. airline will "most likely" go bankrupt, Boeing CEO David Calhoun said during a "Today" show interview. Calhoun said airlines won't be back to even 25% business by the autumn, and "maybe by the end of the year we approach 50 [percent]."
In other words, the major airlines will not have the money to buy very many commercial jets this year and next. In turn, Boeing and Airbus will not need very many engines. Orders for spare parts for engines in use now will drop since air mileage will decrease dramatically. As will maintenance for the existing engines. Spares and maintenance contracts are big money and profit bonanzas.
GE has some tricks up its sleeves- sleeve number 1 permanent job cuts to aviation - sleeve number 2 Permanent job cuts across power along with healthcare.