General Electric Forecasts Positive Free Cash Flow in 2021
General Electric (NYSE: GE) said Wednesday that "given what we see today" the company expects to generate positive free cash flow in 2021, a reverse from an expected cash burn this year.
GE entered 2020 in the early stages of what is likely to be a multiyear turnaround, attempting to pay down a massive debt burden and reverse issues in its energy and other units. Aviation was expected to be one of the positives of the portfolio, but the COVID-19 pandemic has grounded airlines and slowed growth in the aerospace sector.
Image source: General Electric.
Source Fool.com
