(03-10-2020, 12:42 PM)divmenow Wrote: BA at $219 now. If it gets under $200 I’m buying more.
I wonder if Buffet has been putting all that cash to work yet? His latest buys on OXY and DAL are not fairing all that well. This would be time to be buying more oil on his side.
Anyway bought a few MCD and AVGO.
I'll be with you there soon enough but you'd have to be in deep denial to not believe Boeing is in deep, deep trouble short-term. The airline industry is always tough and BA customers are going to have to cancel some orders. They have no other rational choice when they are cutting flights. They have debt and dividends to pay too. Oil is probably the only other sector with more major player fails than the airlines the past 30 years. It was some kind of miracle BA didn't go sub 200 with the MAX drama. BA can't keep borrowing to pay the dividend. I hate to buy no div stocks but that's probably my BA entry, and I'll have to wait for it to pay off. BA isn't going away, but they are going to have to offer some smoking good deals to keep sales up to a level that keeps them solvent.
I don't have a firm price target but it is way south of today. The chance of it rocketing higher and I miss my chance are approximately zero. Capitulation is finally here for BA.