Introduction
It is my short term research project. I like to learn more about GE business. I like to learn if I can invest some time to read more about GE as a business, aviation business of GE.
GE business
Here is the article.
GE
Market capitalization $57 billion
net debt on its books - $57 billion
$3 billion in free cash flow over the past year
on course to burn more than $3 billion in negative free cash flow in this quarter alone - 2020 April - June
a perilous position - perilous means dangerous
profit division - airplane engines - hit hard by the decline in air travel
News:
UK tax issue - 1 billion sued for tax fraud, plus interest and penalties on that tax debt.
Actionable Items
It is not easy for me to be an investor. I have to improve my English, and this is the first time I realize that one quarter - second quarter in 2020 GE will have $3 billion negative free cash flow.
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