https://www.reuters.com/article/us-ge-ceo/ge-ceo-says-cannot-guarantee-dividend-sees-no-quick-fixes-idUSKCN1IO2GE
All the wall street wonder boys have said GE dividend is at risk with the current projected free cash flow. Look Power is in a major down cycle for years to come...GE needs to stop thinking and start doing ..Flannery knows what he needs to do...just do it. Consolidate and cut the damn dividend or suspend it for one year.
Sorry -rfm but there are obvious synergies between Aviation and Power. An aircraft engine is a gas turbine after all. Common design tools and designers can move from one to the other. A wind turbine is also a turbine so there is some synergy with Renewables as well.
We at GE transportation will get screwed.No early retirement options because GE is done with transportation and now they could care less about us and we know they hate the union so now it's wabtec problem.
More pain coming for Power folks. Stock down 7% in one day after Flannery states power outlook very bleak. They need to start making serious offers to older, high service employees so younger guys can stay instead of hitting the street.
No gas turbine demand through 2020. Sounds pretty bleak. Or is it just me?
He will need to do more than cut the dividend. First step, decide what GE is going to be, not when it grows up, but now. No efficiencies/synergies to Aviation, Healthcare, Energy by staying together. Pick one, throw the GE name behind it and spin, sell or whatever the rest and FAST