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Stock impact report

General Electric: Is Flannery Throwing In The Towel? [Seeking Alpha]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Seeking Alpha
Summary Source For General Electric ( GE ), the 2018 “reset” year continues, and recent developments show that the company remains concerned about the most problematic segments within the company. In terms of strategy, it has become clear that the company needs to slim down in order to remain competitive in a changing market environment. The latest example of this can be found in the potential sale of GE’s power-conversion business , which is reportedly being pitched to Caterpillar Inc. ( CAT ), Schneider Electric SE ( SU.PA ), ABB Ltd. ( ABB ), and to private equity firms. For GE, the real question is whether this move will be viewed by investors as another capitulation, as it could involve substantial losses from the unit. Given the precarious nature of GE’s current relationship with the market-at-large, any missteps here could be substantial in terms of the way they might affect the leadership reputation of CEO John Flannery. After the massive mistakes Show less Read more
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