Q2 earnings 7/26 BMO, what are your predictions?
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That is why LC put Pete and Scott in charge of the new units. They need to learn to stand on their own. Now they have to make the difficult decisions that LC once made for them. That is part of "growing up". Those organizations will live or die based on their decisions. The pet projects with no payoff are let go. The new org's now realize that their destiny is based on their actions-that is the way is should be.
LC and friends are out. The new business units are being built without them. As others have said low to no growth. We preach about the future with a stagnant economy or even recession. There are alot of business units that just are not sustainable and people will be let go. It's the perfect storm for the split and a really poor economy, something has to give.
The numbers will determine where and how many will be getting pink slips, they can't afford people just waiting for work anymore.
June inflation rate was 9.1% and the Fed is expected to hike rates again so LC better put on an amazing dog and pony show to keep the stock from dropping even further. Since the stockholders meeting back in March, the stock has lost about 30% of its value. This may be the worst stock performance during any GE CEO reign ever. Put a tourniquet on it.
One analyst is showing a $50 per share price target after the report and even expects no growth all through 2023 as recession fears erupt. Even the most optimistic analysts are predicting a $80 per share at the most. LC better come up with another catchy buzzword other than the worn out “lean” to help this dog.
It does not matter, stock is in single digit [pre reverse split]. Time for new leadership may be?
When you go from almost $120 a share back on May, 27 2021 to around $60 today, the point is moot.