GE's Management "focus on cash flow, cleaning up the balance sheet, selling off assets, [and] paying down debt," is why the stock has recently hit 52-week high.
It’s hard to turn a legacy company around. In the case of over 125-year-old GE (GE), some would say near impossible.
“GE has world class assets, exceptional leadership, and is turning around its businesses.”
Through restructuring and asset sales, including the sale of its historic lighting business, GE has reduced debt by more than $100 billion since 2018.
GE has just shown them that by minding your P's and Q's and staying close to your knitting, it is actually possible to turn a big old company like GE around and show the world that this company still has a lot of oink in the pig,”