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Tuesday, October 17, 2017 8:41:55 AM
It's now apparent that GE's goal of $2 in EPS by 2018 was based on the same cockeyed optimism that fueled its overly aggressive sales growth targets in years past (analysts on average are expecting just $1.65). But there's another problem with that number: it's based on a bevy of adjustments that investors are simply no longer willing to take the company's word on.
Quote:GE has one of the widest discrepancies between its adjusted and GAAP numbers among major industrials. For one, GE backs out pension obligations, a variance from standard practice at peers like United Technologies.
The common dividend will soak up 130% of the Industrial FCF in 2017
GE has warning flags all over it, imo..
https://www.bloomberg.com/gadfly/articles/2017-10-16/ge-s-fun-with-numbers-and-dividend-may-be-next-to-go?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
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