https://news.yahoo.com/amphtml/boeing-loses-149-million-q2-115650332.html
12 replies (most recent on top)
I see the Boeing stock hawks now even praise Boeing when their stock falls but falls less than the Dow Jones index. A scam for sure!
But Boeing's paid off stock hawks are pushing an alternative perspective to clueless investors...
https://www.msn.com/en-us/money/companies/boeings-440-billion-backlog-cant-be-ignored/ar-AA1ey427
https://www.msn.com/en-us/money/news/boeing-s-worst-is-past-and-there-s-plenty-of-demand/ar-AA1erl76
https://www.msn.com/en-us/money/companies/last-quarters-earnings-beat-still-isnt-the-best-reason-to-own-boeing/ar-AA1ewcFm
This company feels like a total scam.
Boeing's biggest problem and money losing quagmire is their huge airplane order backlog wherein they are obligated to manufacture and deliver them at huge profit loss because they were sold with unrealistic expectations of reduced manufacturing costs. In fact, their manufacturing costs have greatly increased because of a higher level of FAA scrutiny which keeps finding issues with their failed engineering and manufacturing capabilities.
Every new defense contract that Boeing won has been losing money every quarter. The saddest part is the MQ25 and the TX trainer, Boeing was the only cclean sheet design bids on either program. There was absolutely no reason to underbid those. No one else bud on it with a clean sheet designed. Why would you under bid a program when you’re the only competitive bid?
After reading this, sure glad I don't work at Boeing anymore. It was a depressing place to work when I was there 10 years ago, but it sounds like it went even farther downhill and very fast and can't be a good place to spend one's short precious time.
Reckon there will be a failed project loss write-off for every quarter until the end...US Tanker, 787, Airforce One, 737-10 Max, MD25, 777X, T-7 Redhawk and so on.
https://www.foxbusiness.com/lifestyle/boeings-starliner-program-racks-up-1-4b-losses
Yep, Boeing stock and all of Wallstreet for that matter is an over inflated bubble created by greedy sleazebags with no basis in reality that will eventually explode. SpaceX is by far the best aerospace company these days and it thankfully isn't associated with Wallstreet at all...yet...
Anything higher than $40/share is via smoke and mirrors.
Boeing stock value now is half of what it was before the 737 Max incident
Yep and well stated!
Wallstreet doesn't even look at the Boeing quarterly losses anymore... They only praise Boeing for beating their loss estimates and for generating cash flow. Of course, this cash flow goes to Boeing executives and the Wallstreet gang who keep Boeing stock price artificially propped up.
Boeing has little hope of ever seeing any profit again given that they have to sell their products for less than it costs them to build them. And then there is the endless Boeing product development delays and cost overruns because they lack competent, experienced, and knowledgeable engineers and managers. But that won't keep Boeing stock price from increasing in value because it is carefully controlled and manipulated by Boeing and Wallstreet. In fact, there is a well established negative correlation between Boeing stock price and Boeing successful competive performance.