Will the 2017 Dogs of the Dow Rebound in 2018? PART 3 OF 7
What ails GE?
General Electric (GE) is a highly diversified, global industrial (XLI) conglomerate. The stock fell more than 40% in 2017, making GEs story far from rewarding in the past couple of years. GE is facing issues ranging from weak earnings from its largest business segment, GE Power, to shrinking cash flows after heavy investments in product development.
Restructuring plans
Last year, the companys CEO (chief executive officer), Jeffrey Immelt, left a…
Read the full article at: http://marketrealist.com/2018/01/will-ges-restructuring-plan-bear-fruit-2018/