What Did You Buy Today?

[EricL]

(03-12-2020, 07:32 AM)vbin Wrote: Any buyers of boing at this price?

I wouldn't be. They have a perfect storm of Max issues, huge inventories, declining orders, damages due to lost revenues for airlines, and now an airline industry that will be facing financial difficulties as well from Covid-19.

They just pulled the entirety of their $13B revolver, so are probably facing cash flow issues.

I think there's a very real possibility of a dividend cut and in BA's future.

There are plenty of companies with no issues that are trading 20%+ off highs. I'd rather put money into something that's beaten down for no fault of their own rather than a company that was struggling before the pandemic was even on the radar.