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Non-Tech : General Electric (GE)
GE 308.62-0.1%9:30 AM EST
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To: Bonefish who wrote (3171)11/4/2019 2:52:56 PM
From: E_K_S1 Recommendation

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Bonefish

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Investors may reconsider GE amid 'clear signs of progress,' analyst says
Nov. 4, 2019 2:46 PM ET|About: General Electric Company (GE)|By: Carl Surran, SA News Editor

General Electric ( GE +4.9%) surges to its highest since late February as Wall Street analysts continue to weigh in on the company after gaining more than 15% last week in response to better than expected Q3 earnings.

"So far 2019 has been somewhat typical... of what one would expect to see from the first year of a new external CEO at a troubled conglomerate," Barclays analyst Julian Mitchell writes, referring to the stock volatility, business shifts and special accounting charges that can accompany big C-suite changes, but "there are also some clear signs of progress amidst the housecleaning, which will likely cause more long-term investors to start to take a closer look at GE."

Mitchell thinks GE's path to higher free cash flow has become clearer: "Free cash flow will be down will be down considerably in 2019 year over year but slightly less bad than was feared 6-9 months ago."

Meanwhile, J.P. Morgan bear Stephen Tusa attributes GE's improved cash flow performance to timing issues, saying "there is a lot of noise in the numbers."

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If they DO NOT do a structured BK for the Pension Liabilities (that is what GM did), then there is hope that remaining GE shares survive.

EKS
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