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We are willing to consider that zero industrial FCF is not a sustainable level but the stock is not reflecting that as a run rate with an $85 B market cap... As long as this sentiment prevails, we don't think the stock can bottom......Our PT remains $6 and looks generous after today's news...""The only true incremental information that came out of today's presentation was GE setting a cautious expectation for negative Industrial FCF in '19 without committing to an exact range prior to March 14th (we think could be as low as negative $2-$4bn in GE's outlook next Thursday)...
As said here by Michael Bloom