General Electric Ohio facility. Source: Barron's
Last week, General Electric (GE) CEO Larry Culp presented GE's 2019 outlook to analysts and investors. I expected fireworks after the event. I also suspected Culp would speak to the company's recent shelf registration and a potential capital raise. However, there was more "happy talk" from Culp on what could potentially happen in the future. The stock is flat since the meeting. Overall, it was a more happy talk from Culp, but nothing earth-shattering.
Cash Burn Could Be $2 Billion
Management divulged industrial free cash flow ("FCF")