Boeing (Official stock thread)

[K|muRa^84]

Back to good price to enter again.

Anybody tripling down?

queuing at $300

 

[d5dude]

Dropped to $160. omfg...

 

[moolala]

Dropped to $160. omfg...

When to buy?

 

[d5dude]

When to buy?

I dun buy single stocks but if you really want to know I think now is the time. This company made 16 bucks a share before the 737M crisis and covid19, at $160 its only worth 10x earnings now, thats too low for a company in what is essentially a duopoly. The only risk is if it goes bankrupt, but I dun think US gov will let that happen.

This market is in pure panic now, feels almost as bad as the 2008 financial crisis.

 

[angelichound]

I dun buy single stocks but if you really want to know I think now is the time. This company made 16 bucks a share before the 737M crisis and covid19, at $160 its only worth 10x earnings now, thats too low for a company in what is essentially a duopoly. The only risk is if it goes bankrupt, but I dun think US gov will let that happen.

This market is in pure panic now, feels almost as bad as the 2008 financial crisis.

Buy at USD 16? Hahahaha

 

[athletic91]

Nibbled some ar $170

 

[iantao99]

was looking at boeing as well.
price drop 60% from 52 week high, looking appealing.

However,while looking for review, there was a recent downgrade from JPM.
Zacks research had "Strong Sell".
No issue with reviews. It's cheap for a reason.
Just wondering if it will rebound to pre-crisis level with all the concerns.

What r ur thots?


"Why Did Boeing Plunge?

The significant share price fall that this U.S. jet maker suffered yesterday was the result of a report published by Bloomberg, which declared that Boeing is planning to draw down the full amount of a $13.8 billion loan that it obtained last month. Notably, Boeing needed to deal with its cash burn as it prepares to return 737 Max plane to service.

However, the worldwide travel disruption that has been weighing on the aviation industry has forced Boeing to make the withdrawal.
Moreover, the cost to protect the company’s debt for one year in the credit default swaps market widened 141 basis points to 218 basis points, according to ICE Data Services. This must have also spooked Boeing investors, which was reflected in the double-digit stock price slump.

The rapid spread of coronavirus disease, particularly outside China in the past few days, has made investors skeptical, thus impacting the majority of stocks. However, when it comes to Boeing, the story is not entirely the same.

Of course, the turmoil associated with coronavirus was the major reason for Boeing to withdraw the credit. However, it is also imperative to mention that the plane maker is in dire need of cash in hand, given the ongoing Max grounding, the company’s joint venture with Embraer (ERJ - Free Report) and looming debt maturities.

Notably, at the onset of this month, the Federal Aviation Administration (FAA) formally rejected Boeing’s proposal, with regard to the return of its 737 Max to service, saying that wiring bundles in 737 Max jets are not compliant with the certification standards. No doubt, this rejection has once again increased investors’ concerns over the 737 Max program, which they earlier anticipated would return to service by June 2020. Now, with the coronavirus fear looming large, its return may take longer. "

https://www.zacks.com/stock/news/80...ote-stock_overview-zacks_news-ID02-txt-809690

 

[d5dude]

Dropped to $108! Now shareholder might face dilution if gov is forced to bailout the company, this is why I dun buy single stocks, too risky.

https://www.washingtonpost.com/busi...t-60-billion-trump-expresses-support-bailout/

 

[athletic91]

Nibbled some ar $170

worst decision of my life

 

[marxace]

worst decision of my life

Sold already?

Sent from OPPO CPH1919 using GAGT

 

[ocs_woodlands]

if you look st boeing chart, its only.y back to 2016 or so prices. less value there compared to local ES3, frankly...

 

[Knightoftheblackrose]

I am going in at $50.

Price target should be reached by end of March 2020.

 

[Trader11]

It is matter of time that Boeing going to file chapter 11

 

[Eneguy]

Hi guys, just found this thread.

Deployed 5% of my portfolio into Boeing at the apex of the 737 MAX crisis few weeks earlier, when I thought the share price was cheap. Now my position is down 70%. Small dent to my portfolio, but still quite painful.

Planning to hold on to my position as I believe a U.S. government bailout is highly likely.

Anyone else on the same boat?

 

[shallow]

Hi guys, just found this thread.

Deployed 5% of my portfolio into Boeing at the apex of the 737 MAX crisis few weeks earlier, when I thought the share price was cheap. Now my position is down 70%. Small dent to my portfolio, but still quite painful.

Planning to hold on to my position as I believe a U.S. government bailout is highly likely.

Anyone else on the same boat?

Read up on GM bailout in 08. Another too big to fail company. Shareholder wiped out

 

[Eneguy]

Read up on GM bailout in 08. Another too big to fail company. Shareholder wiped out

Good point, I saw your reply on the other thread as well. Think I'll cut my losses soon.

 

[[M]aiev]

Read up on GM bailout in 08. Another too big to fail company. Shareholder wiped out

eh hw come it is bad for shareholder ?

 

[peterchan75]

eh hw come it is bad for shareholder ?

https://www.fool.com/knowledge-center/what-happens-to-stock-prices-after-exiting-bankrup.aspx