Boeing Company (BA)

[jimmy667]

That was the share price range before the 737 max problem when 737 max was something to get excited about for growth and they were expanding orders. Then the price was artificially pumped up by 37 billion in stock buybacks. They have a backlog of orders but it is shinking. Also just because there is a backlog can can get revenue until they are build. Part of the max problem was rushing production. Production is slowing down. On the military side it looks bleak as Congress has shot its wad on Coronavirus. Look at the max chart for Boeing going back to 1974 it is cyclical. BA goes through multiyear periods of decline it was only the last few years ever over $100. I owned it for many years collecting dividends. No dividend no production growth cost overruns liabilities loss of profitability. It will be a while before the share price is on an upward trajectory again. Last week double was likely just a trading bounce from falling so fast. Now might just be a slow painful grind lower until it is turned around I say at least 4 to 6 quarters. But a look at the long term 20 year chart you might correctly surmise 5 years or so. Best one can hope for from here is sideways for a few years.