CEO Larry Culp divulged GE could have a Q2 cash burn of $3.5 billion to $4.5 billion.
GE could be hard-pressed to generate positive FCF for full-year 2020.
The pandemic has hurt revenue and operating income for Aviation, the company's remaining moat.
I estimate GE's proforma debt-to-EBITDA exceeds 6x. It could worsen amid cash burn.
A ratings action could be warranted. Sell GE.
General Electric CEO Larry Culp. Source: Barron's
The constant buying and selling of assets have made it difficult to forecast General Electric's (GE) future earnings. Aviation, Power Systems, and Renewable Energy - or