Despite Weak Industrial Cash Flow in the Quarter, We Believe GE's Longer-Term Story Is Intact
Shares of wide-moat General Electric slumped April 21 as investors reacted to negative industrial cash flow in the first quarter, which largely overshadowed healthy 7% year-over-year growth in organic sales and a solid 130 basis points of operating margin expansion in the industrial segment. We do not intend to alter our $32 fair value estimate based on the quarter’s operating results.Industrial cash flow from operating activities was a $1.6 billion use of cash, mostly due to higher-than-antici...
General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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