I COUNTED ON IT from $240+, said as much here, & profited nicely.
The UNDERLYING PROBLEMS with Boeing have yet to be fully fleshed & EXPOSED!
The 787 story is STILL UNFOLDING & it's getting worse!
Initial 787 design cost Boeing ~50 BILLION DOLLARS more than it would have if they left the engineers in charge. NASA is griping about Boeing hand-holding & incompetence & there are MORE LAWSUITS underway.
The short-term does NOT look good for Boeing. When AMAZON buys 11 USED PLANES & folks pump the stock up $12-$14 you KNOW somethings not right.
I have NO CLUE who "axxhxxes" are & perhaps you might EXPLAIN...
But the Wall Street cost-cutting measures which led to a precipitous 3x increase in stock price came at the expense of the successful engineering-first problem-solving culture that made Boeing great. The DOWNSIDE consequences however are only beginning to be understood; & the DOWNSIDE by a 4x increase Q1 2020 DEBT. That's right. CORPORATE DEBT @ $65 BILLION DOLLARS & GROWING is FOUR TIMES what it was in Q1 2020.
That's 9 months & the CASH BURN & LOSSES with the 787 groundings, expanded FAA INVESTIGATIONS, etc., are ADDiNG about $3B more to their losses & CASH BURN! The metrics are going in the WRONG DIRECTION. And HUGE headwinds & global uncertainties remain.
~60% of air travel is BUSINESS TRAVEL, International, etc., & with COVID RAGING that is NOT going to return till POST SUMMER 2021 -- if not later in September, when schools HOPEFULLY open, parents & business can begin to "return to normal". If these B.1.1.7 mutant variants (which are up to 70% MORE CONTAGIOUS) are tamed by then, perhaps Boeing can improve. In the meantime, they'll have litigious issues, internal concerns & more money to dole out as the consequences of their poor choices & decisions come back to haunt.
BUT this ~$215 price is a premium Boeing doesn't deserve. The market WILL check that, you'll see. I do believe the short term is lower, not higher. Boeing is NOT what it used to be.... NOT by a long shot! Sorry for the pun. GLA
