Looks like Boeing will go below $300, but the Max liability is huge.
Looks like Boeing will go below $300, but the Max liability is huge.
I've been watching that. Not good for Washington and many other parts of the country. Not surprised at the drop. Big management blunder.
Dave
Sold a cash secured put on it at 312.50 expiring February 14. I am hoping it gets assigned but it bumped up to 314 today.
When I saw it getting close to $300, you were who I thought about. I knew you were watching the stock.
Not sure where it goes? Still climbing today at $317.
I do not own any shares yet, but the drag of the losses from MAX, is scary. It is not open-ended like asbestos years ago, but airline losses, loss of sales revenue, operational losses of stopping production, etc. is pretty open-ended.
Just paying for simulator training of all pilots, will be a large expense.
Now that Washington has repealed the tax break for Boeing, that is one more negative thing to pile onto this company.....
https://www.reuters.com/article/us-e...siness+News%29
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
124 and change today
Went sub $100 for a short time today....
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
You can buy it now at about 99 if you want it
DAM!!!
Thanos was the hero
Buy it at 92 now. I think the bottom is far away
As fast as it's falling I agree
At this point, BA is likely going to it's 2013 price of $75 in the next week. If it blows past that, then we're looking at $35 price from 2009.....
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
It was good to see a close of above 100. It really needs to hold that, but I don't think it will. It may hold 75
Boeing stuck it's hand out too fast here. If it had laid low for a few more weeks, it could have probably gotten some government assistance without too much fanfare. Now it's gonna have a bad reputation to overcome as well....
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
Thanos was the hero
They will get a bailout, but equity holders go to,zero
Now that one of the BA workers has passed away from Coronavirus, it's going to be a completely different story now. My condolences to the family....
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
Crazy increase today.
Dave
Anybody had the balls to buy below $100. Not me
Thanos was the hero