General Electric Stock: What Investors Need to Know Now
Last week, General Electric (NYSE: GE) CEO Larry Culp gave a presentation at the 36th annual Bernstein Strategic Decisions Conference that could best be described as a reset of a reset. This was supposed to be the year when GE would start growing earnings and free cash flow (FCF) again, but the COVID-19 pandemic upended that plan. The company's change in fortune is best highlighted by Culp's comment that FCF would be negative this year, compared to the original guidance range of $2 billion to $4 billion.
Here's what it all means for the investment thesis around the company, and what you need to know before considering a purchase of GE stock.
It's worth pausing to reflecting on the momentous shift in perception that's taken place in regard to GE as a company and as an investment in the wake of the coronavirus crisis.
Source Fool.com
