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At what price would you buy Boeing?.....
Posted by: max
Date: March 13, 2019 10:35PM
It is down 13% from recent high of $440.
I am curios at what price would you consider it a bargain worth buying?...
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Re: At what price would you buy Boeing?.....
Posted by: Speedy
Date: March 13, 2019 10:40PM
Another 15%. Boeing seems to have just taken another hit over its moon-shot rocket.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: At what price would you buy Boeing?.....
Posted by: freeradical
Date: March 13, 2019 11:01PM
I'd buy on a good rumor.
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Re: At what price would you buy Boeing?.....
Posted by: GGD
Date: March 14, 2019 12:46AM
$292.16 was the closing price on 12/24/18, less than 3 months ago.

In the short term I think a lot will depend on what comes out of the flight recorders for the most recent crash. It can go 3 ways.

1) Same as the first MAX crash. That might actually be good news.

2) A new never before seen design problem with the MAX requiring another fix. An even worse situation than #1.

3) Pilot Error, or some other non-Boeing cause. Probably the best outcome for the stock.

There's also the 767 crash in Houston, but seems unlikely that there's some unknown design error that hasn't shown up in over 30 years.
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Re: At what price would you buy Boeing?.....
Posted by: Sarcany
Date: March 14, 2019 05:27AM
Knock it down under $295 or raise the dividend and I might be interested.



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Re: At what price would you buy Boeing?.....
Posted by: Lemon Drop
Date: March 14, 2019 09:48AM
If Boeing can get the software upgrade approved and delivered in April per its original plan, then that's the best case scenario for them and they can keep delivering the planes. That scenario is what people assume will happen and is already built into the stock price. Any delays to that will have a big ripple effect: airlines cancelling their orders, Boeing having to compensate airlines, storing undelivered planes, etc.

Another stock that's likely to get hit by this is Southwest, they have the biggest exposure to a long-term grounding of this plane and the least amount of flexibility within their fleet to substitute planes. They were set to roll-out new Hawaii service using this plane; if they can't fly them then their competitors on that route, Alaska and Hawaiian, who have little exposure to the Max, will greatly benefit. Southwest is currently 25% off its yearly high



Edited 1 time(s). Last edit at 03/14/2019 09:49AM by Lemon Drop.
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Re: At what price would you buy Boeing?.....
Posted by: space-time
Date: March 14, 2019 10:40AM
If software fix works and is approved by April, then what does this mean for the liability in these 2 crashes? Is Boeing exposing themselves to liability if they say it was a software problem?
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Re: At what price would you buy Boeing?.....
Posted by: max
Date: March 14, 2019 10:43AM
You guys are quite generous, I must be one cheap %^*($, I was in $240s.

But then again I thought they were way overpriced to start with.

Thanks for the response....
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Re: At what price would you buy Boeing?.....
Posted by: Lemon Drop
Date: March 14, 2019 11:14AM
Quote
space-time
If software fix works and is approved by April, then what does this mean for the liability in these 2 crashes? Is Boeing exposing themselves to liability if they say it was a software problem?

That won't be up to Boeing, it's up to the agencies investigating these crashes as to where blame lands. Boeing had already identified the need for the software upgrade prior to the Ethiopia crash (and I think prior to the Lion Air crash as well) and was working on it.
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Re: At what price would you buy Boeing?.....
Posted by: NewtonMP2100
Date: March 14, 2019 02:35PM
.....never.....don't think they have much room for growth at any price....but that is my opinion......



____________________________________________________

I reject your reality and substitute my own!
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Re: At what price would you buy Boeing?.....
Posted by: mrbigstuff
Date: March 14, 2019 02:59PM
Quote
max
You guys are quite generous, I must be one cheap %^*($, I was in $240s.

But then again I thought they were way overpriced to start with.

Thanks for the response....

Yeah, it could definitely continue downward, and I'm closer to you. As ggd wrote, that December price is telling.



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Re: At what price would you buy Boeing?.....
Posted by: Sarcany
Date: March 14, 2019 03:15PM
Quote
max
You guys are quite generous, I must be one cheap %^*($, I was in $240s.

But then again I thought they were way overpriced to start with.

240 is a pretty good estimate of its proper value.

EPS is $17.85, so PE is around 20 right now after the dip.

PE around 14 or less is usually right on and in this case it breaks right around 240.

I wrote $295 because I'm okay balancing a bit of risk on the odds of it appreciating again. It's still a bit up there at a PE of 16 and I don't usually look at stocks above 14 (I prefer to get reinvestment working for me in a Roth IRA), and I usually go for stocks with better dividends, but I think I might get in at that point with the idea that I'd sell it at the next bump for a painless short-term tax-free gain in the IRA.



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