03-18-2020, 11:37 AM
(03-18-2020, 10:27 AM)Otter Wrote: Have changed my mind on Boeing. I don't see how they avoid a dividend suspension with the size of the government bailout they are requesting. A GM-style restructuring in bankruptcy that wipes out current equity holders but preserves the company also isn't out of the cards.
They would have survived their errors if not for the virus. Now their customers are in deep trouble. The buy backs blew their cash but that was mostly before the accidents. Then they pay a dividend and borrow money. Set themselves up for failure.