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General Electric Company Message Board

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  • richmondinvestor richmondinvestor Aug 11, 2005 11:44 AM Flag

    Institution Are Buying In GE Again 40%

    I know better than get into a discussion with two posters, but I don't get your statement regarding "GE is broke" because of their cash flow balance. In looking at the record on Yahoo, the 6/30 quarter ended with a negative $5 Million cash flow. Is that what you base your claim upon? For the past four quarters, however, they have a positive $2.6 Billion cash flow balance when you add them up. From my limited business background in finance, that doesn't mean anything either. In their annual statement last June 30, they had $12.9 Billion cash on hand (123104)...hardly broke. You can't just take a cash flow statement and ignore the balance sheet and the income statement. On the balance sheet, GE has a postive asset value of $112B excluding shareholder equity. GE doesn't seem broke to me. So, if you can respond without calling me any names, I would like to hear your reasoning.

 
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25.90+0.03(+0.12%)Aug 4 4:01 PMEDT