Everyone keeps making the mistake that GE is a manufacturing company.
It's not, it's a finance and services company. Bulk of profit comes from financing and services, that's the bottom line.
So they focus there and actual supply chains and manufacturing is an afterthought.
Originally posted by @1cyu+1dwiJheN.
Yep layoffs lots of layoffs for 273 and 66
Sell! Sell! Sell!
LC is a smart guy. Big picture-debt is a prior. Manufacturing/Supply chains will be dealt with in due time.
sorry. there is no financing other than for internal activity. check the ridiculous sell-off of GE Capital for more
Howdy, I'm the guy that originally posted that statement.
For proof, see Culp's latest message touting the importance of the GECAS/AerCap deal.
More short-term profit driven thinking. Investment in manufacturing capabilities for future readiness? Nope! Debt paydown and stockholder "value".