I predict Flannery will present a lot of smoke and mirrors in tomorrow’s investor meeting. He will brag about cutting Jobs to get investors excited about cost reduction. Flannery will fail to exhibit the truth about GE’s horrible condition. He will continue the old school GE way of layoffs, money shell games, and creative accounting perfected by many years of GE financial games. GE’s stock will see a slight bounce. Then when reality sets in, the death spiral will resume.
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I guess investors did not believe JF...stock down another 8% after the call...not good!
@Qd1bVuQ-1fyj. Clearly you are one of the reasons why GE is failing.
@rku Good grief, why would anyone believe your incoherent ramblings? Please try again.
People losing their jobs is not smoke and mirrors its real.
Flannery is not a fool, either is trian either are the 100's of analysts who watch this stock for a living.
Expect a dividend cut, I hope he doesn't just to wrong foot all those analysts. Expect job cuts and more detail on the billion $ cut in 2018. High level restructure, plan to improve the cost of sales, and the asset/liability ratio.
I’m sorry, but no one is buying the GE bullsh!t story now. Analysts and investors are onto the game. If JF tries smoke/mirrors, expect a plunge in price. If he tells them it’s a long term problem but lays out a reasonable plan, maybe he can stop the freefall.