01-21-2020, 04:50 PM
(01-21-2020, 04:18 PM)saimash Wrote: Thoughts on BOEING (BA) ?
I recently purchased 50 shares @ 322 and was happy that it had gone up to 342... Seeing how much it has got hammered, I'm getting a bit apprehensive now (with all the -ve publicity hitting Boeing and the additional 10 billion loan that they plan to take on).. Or what would be another better entry point to double down (considering its a fairly good company with steady dividends)
Still overvalued, I think.
Based on current estimates, it's worth $235 at year-end 2020 with a P/E of 15, or $299 at its 10-year historical average P/E of 19.11. With all the bad news lately, I'm not sure the stock will be able to command its customary P/E premium.
I'm continuing to hold my shares. Blended cost basis in the $130s