Remember just 7 months ago, Flannery running his mouth...
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.marketwatch.com/amp/story/guid/BFA3DA1E-1B0D-11E8-A65A-51CF95583976&ved=2ahUKEwj4jJ6Pt9bdAhUMTt8KHWKPDzgQFjAAegQIBBAB&usg=AOvVaw3n0IZflhA0T6ncP1eOvYd3&cf=1
More like the Lehman Brothers of the noughties.
Proposed solutions:
Sell Baker Hughes. Basically already announced though timing not clear. $23B is a lot of debt for someone to take on assuming it is a cash deal, which is not likely.
Use proceeds to buy stock-isn't that how we got here? We have a credit rating at risk with current debt and a big hole in the pension.
Cut dividend and buy stock...
So his bold plan is basically for more of what brought us to this point in the first place. Not a lot of bright people in financial journalism I guess.
"JF is the wrong person. Please read.
https://www.forbes.com/sites/jimcollins/2018/09/25/three-bold-actions-ges-board-should-take-to-reverse-the-stocks-incredible-decline/#1d686fcd63a9"
https://www.google.com/amp/s/seekingalpha.com/amp/article/4208159-i-out-fear-ge-hurtling-6-bubbles
JF is the wrong person. Please read.
https://www.forbes.com/sites/jimcollins/2018/09/25/three-bold-actions-ges-board-should-take-to-reverse-the-stocks-incredible-decline/#1d686fcd63a9
Success is not final, failure is not fatal: it is the courage to continue that counts.
This is John. Remember Apple in the '90s? We are the Apple of the 90s