What General Electric's Latest Free Cash Flow Guidance Means for Investors
By now, most General Electric (NYSE: GE) investors will know that CEO Larry Culp gave a presentation and allayed fears that GE would report a cash outflow in the second half of this year. And that was enough to send the share price surging and generate a double-digit return on the stock in just a couple of days. What does that say about the stock, and what exactly did Culp say to justify such a move? Let's take a closer look.
Digging into the details of the presentation at the Morgan Stanley Laguna Conference, there are three things for investors to consider:
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Source Fool.com
