01-21-2020, 07:23 PM
(01-21-2020, 04:18 PM)saimash Wrote: Thoughts on BOEING (BA) ?
I have no doubts that over the super long-term, Boeing will be fine.
But I'm definitely staying away at these prices. It's still expensive, even though its #1 product is basically banned all over the world. And we truly have no idea when it'll be allowed to fly again, people love to guess but the truth is that no one knows.
Every day that goes on they are losing market share, bleeding massive amounts of cash as well as accumulating yet more compensation payments that need to be made. We have no idea how much those compensations will be but I have a pretty strong feeling that they will be massive.
It could get a lot worse before it gets any better but as I said, I think they will be fine in the long term. That is just my view though.