Johnny come lately Flannery will need to make some more sweeping tough decisions this year. Cash flow is going to look like crap for first quarter. At some point he will need to reduce dividend again. Maybe he should just get this over and generate required cash flow to help GE credit worthiness in the short term.
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Flannery will be under huge investor pressure real soon to slash much more, and faster to get the cash and earnings situation in order.
GE balance sheet is a disaster and they will demand much tougher action soon, especially if they have to cut the Dividend again. They are on the verge of missing earnings in Power from poor execution services business and cant cheat the numbers on LTSA anymore because of SEC LTSA investigation.
Expect huge layoffs like 1986 real soon when they laid off around 75% of Schenectady and Greenville and even that may not be enough to make the numbers
Things are really that bad
Hardly a prediction seem Flannery has already stated this is year 2 of 4 of rightsizing the company.
I think the transfer of 4.2B$ Revenues from 16/17 will be rather useful though!
GE’s Power Management staff couldn’t manage a pile of dog waste out of a brown paper bag. So Sad. Then they try to blame the workers on the floor. The Good American company.
Things will get worse before they get better.
Hey no one gives a ratsa$$ what you think now get back to work.