Will Boeing Need a Bailout?




from WallStForMainSt

Boeing (NYSE:BA) has been in the news a lot lately and none of the reasons have been good. In many ways, Boeing exemplifies everything that is wrong with Corporate America and the US today and Boeing is now reminding people of GE Capital and Government Motors before they required bailouts by the US government.

The stock is down approximately 30% since it hit $440/share on February 25, 2019 11 months ago. However, since President Trump started to lead in the polls shares of Boeing at one point quadrupled in price with no fundamental reason. Boeing’s fundamentals and its balance sheet have actually been getting worse the last few years.

After Blowing $43 Bn on Share-Buybacks in 6 Years, Boeing Scrambles to Borrow $10 Bn, on Top of a $9.5 Bn Credit Line in Oct, to Fund its 737 MAX Fiasco https://wolfstreet.com/2020/01/20/aft…

Boeing closes in on US$10B loan from Citi-led group https://www.bnnbloomberg.ca/boeing-cl…

Mainstream media pro-Boeing spin claiming that it’s no big deal and Boeing will be selling 737 Max planes (or whatever they rebrand it to) by June or July 2020: https://abcnews.go.com/Business/boein…

What makes Jim Rogers such a great investor (Story about his investment in Lockheed in the 1970s): https://morningstar.in/posts/44056/ma…

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