General Electric's stock price bounced up at the end of the past week due to some positive news: cash flow projections for this year and into next year have increased.
Larry Culp, GE CEO, set out to restructure GE's balance sheet and there is indication of some success here accompanied by rising amounts of cash flow.
Mr. Culp has not presented a real vision of what he sees the new GE becoming and so these short-term successes will have to be sufficient satisfaction for the shareholders.
General Electric Co. (NYSE:GE) lost $9.5 billion in the third quarter, but the stock market responded positively to the news.
GE's stock, which closed at a little over $9.00 on Tuesday, jumped to