General Electric, responsible for 295,000 soon to be laid off employees, isn’t sharing in the Trump rally, and is seeing 2008 level declines.
“We continue to see a levered industrial company with weak levels of [free cash flow]…, with a side dish of levered finco, with a management team in the tough position, working to prevent a ‘hard landing’ in which bond investors start to worry about liquidity.”
Maybe a tariff or two on solar panels and washing machines will save them.
GE’s stock falls toward lowest close in over 6 years as analyst says ‘more questions’ remain
By TomiKilgore Reporter and editor Shares of General Electric Co. GE, -0.31% slumped 0.8% in morning trade Friday, which puts them below Monday’s more-than six-year closing low, after J.P. Morgan analyst Stephen Tusa said there are still “more questions than answers” after the industrial conglomerat…