This June all the naysayers will be silenced when GE Power makes an announcement that will forever change the direction and landscape of the business. In order to dig out of the mess that has been created by years of bad management, drastic actions will be taken. Layoffs will be much larger than anticipated and many production facilities will flat out close up shop. Right now GE Power is dragging the stock down and Flannery and Stokes both know the future of the entire company is hinging on how they deal with their dragging anchor (Power).
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First thing to do is get rid of the management in GE power who got us in this mess. Bunch of clowns.
Look At The Power System $$$$ Numbers
That is the story about what GE Power management must do !!!!
They only made $611 million on $7.41 Billion sales, and numbers are dropping more than 55%
Margins are around 5% 2017 instead of traditional 17%
This determines how many lay offs are necessary to make the numbers again and in the present downward cash flow and earnings spiral, the numbers of cost cuts will have to be significant because a decade of bad management. GE Power needs margins or close to 20% to be viable again
This site has to many people trolling. I find that most trolls are jealous and insecure personalities. It's like they want something bad to happen so they can say i told you so.
anyone who believes this bs is a complete fool,some just love to stir the pot! i work with many the same way,always making up shi** grow up, get a life!
Whoever the butt munch is that wrote FAKE NEWS is a moron living a pipe dream. Oh it’s true your a moron and GE Power is going to hit the workforce hard.
Long live Alstom
Note the comments on Power...
General Electric 'is the most expensive stock' in the industrial sector, JP Morgan says
Shares of General Electric have not fallen far enough, J.P. Morgan analysts wrote Monday.
"GE is the most expensive stock in the sector," the firm said.
With an $11 price target, GE expects
General Electric stock continues to hover near the $13 level, battered for months and with no signs of relief coming. But shares of the embattled industrial conglomerate have not fallen far enough, J.P. Morgan analysts wrote in a note Monday.
"Yes, GE is the most expensive stock in the sector," J.P. Morgan said.
The firm has an $11 price target on the stock – a far cry from the $16 price target that J.P. Morgan had as recently as Jan. 17. At the time, the firm wrote a $16 price level was becoming increasingly difficult to justify.
J.P. Morgan now expects GE's full year performance to be half what the company forecast in its fourth-quarter earnings report. GE expects full year 2018 earnings of $1 to $1.07 per share. Instead, the J.P. Morgan found a "more realistic and importance anchor" would be 50 cents per share.
"This is not a depressed number given limited upside in a structurally challenged power business," J.P. Morgan said.
GE has "botched" its power division, industrial analyst Brian Langenberg told CNBC in January. Unlike healthcare and aviation, which Langenberg sees as "marquee assets," the GE power may require a spin-off to recover.
"The power business, when they stop screwing it up, would have more value. It has a lot of potential value," Langenberg said.
Despite GE's upbeat outlook and focus on its restructuring effort, this year has seen little to boost shareholders' hopes.
GE revealed two ongoing federal investigations in the first two months of 2018: the SEC investigation into GE's accounting practices and the U.S. Justice Department investigation in connection with subprime mortgages. Poor earnings performance has heaped on further reminders of the challenges GE faces, with the most recent report again falling short of expectations.
https://www.cnbc.com/2018/04/09/jp-morgan-ge-is-the-most-expensive-stock-in-industrial-sector.html
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It's bound to take your life
There's a bad moon on the rise
There's a bad moon on the rise
Fake news as usual.
2y grace period with French govt over...selling assets? E.g. GEPC / old Converteam to chinese investors?
I see something is coming and it’s going to be HUGE.