General Electric Co. Chief Executive Larry Culp on Tuesday said the company would have negative cash flow in 2019 as the power business continues to struggle amid his attempt to turn around the company.
Shares of the conglomerate declined about 6% after the comments, which were made at J.P. Morgan’s Aviation, Transportation & Industrials conference.
that is looking just plain awful, going fast to total irrelevance
Disruptions are us. New slogan for $GE 🤔
Good thing we’re on the same page.
But, GE is moving in the right direction, short-term stock price be damned. The company's getting leaner, more profitable, less disjointed. We'll see how it works out.
WSJ
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