Blog Home

Did Big Green Agenda Turn GE Into Globalist Junk Bond Failure?

th-6_20170219-151345_1
...

GE is now fighting to avoid becoming a junk bond name

Once-mighty General Electric is fighting to stay off the junk heap.

GE's stock has become a sliver of its former self, and its bonds are now trading as if they are already junk-rated. That puts pressure on new CEO Larry Culp to quickly raise cash and cut debt to keep its debt rating from falling further to sub-investment grade junk status, otherwise known as high-yield.

Once beloved for its healthy dividend and earnings consistency, GE found it no longer could afford the quarterly payout and recently reduced it to just a penny to free up cash. GE stock has cratered to levels it reached during the financial crisis. On top of that, the SEC has been investigating its accounting, including the $22 billion non-cash charge it took in the third quarter related to acquisitions in its power business.

Mexican People Protest Invasion Of Central America...
Faux News Join Campaign To Silence Democrat Whistl...

Related Posts

 

Comments (0)

There are no comments posted here yet

Leave your comments

Posting comment as a guest. Sign up or login to your account.
Attachments (0 / 3)
Share Your Location

This organization operates on donations from users like you. We thank you for contributing.

Wait a minute, while we are rendering the calendar

Thank You

This organization operates on donations from users like you. We thank you for contributing.