2 Big Takeaways From GE's Investor Day
Last Wednesday, General Electric (NYSE: GE) held its annual investor-outlook meeting. Two big news items overshadowed the regular agenda: a deal to sell the GECAS aircraft leasing business to top rival AerCap Holdings and a planned reverse stock split.
Yet while these news items captured the big headlines, they weren't the most important takeaways from the investor event. Here are the most consequential pieces of information that GE's management shared.
Not too long ago, GE's power and renewable energy businesses represented huge drags on its cash flow. In 2019, the two segments together generated nearly $34 billion of revenue but posted negative free cash flow to the tune of $2.5 billion.
Source Fool.com
