General Electric To Burn Cash For Years Unlisted Video
5 years ago
1
General Electric CEO Lawrence Culp said Tuesday that he sees the company having negative industrial free cash flow this year as a result of its underperforming power unit. The company's cash burn will stretch into 2021, according to JPMorgan analyst Stephen Tusa, a long-term GE bear. Tusa says GE can tumble to zero if its negative free cash flow is fully priced in. Watch GE trade live. General Electric's cash burn will last for years, JPMorgan says.
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