Welcome to Industry Focus, the show that dives into a different sector of the stock market every day.

Today we're talking Energy and Industrials.

It's Thursday the 31st of May, and we're going to be talking about General Electric Stock. I'm your host Sarah

Prewsley and joining me on Skype is Adam Levine Weinberg. Adam how are you doing?

Good, how are you?

Excellent. I'm enjoying the lack of spring in DC. It's gone straight to summer here so it's a little rough but what about you?

Civil weather out here. We went from 65 to 95 in about two days

oh wow it's not quite expected yeah well back home I think some people have had

flooding so I should count myself lucky but, so today we want to talk about GE.

GE shareholders have been in for a very rough ride this past 12 months.

Stocks down 19% so far this year.

The decline really began in early 2017. The company failed to

deliver on former CEO Jeff Ilmarts Promises. His $2 earnings per share goal

for 2018 now seems like a joke.

Geev Howard, the company's largest business unit has been seriously struggling and there's kind of a myriad of previous management missteps and mistakes that are coming to the

fore and a lot of shocking revelations, none more so than the 6.2 billion charge related to its

reinsurance business that they noted in the fourth quarter.

So now a year into the role almost new CEO John Flannery has laid out a slow and steady turnaround

centered on returning the company essentially to financial health.

And he's made some really bold and difficult decisions within that process.

He's replaced almost half of the management team, adopted new accounting roles and cut

GE's wanted dividend in half, much to

...