Thoughts on Boeing’s Dreamliner 787 Delay
Wow, Boeing’s huge delay of the Dreamliner 787 delivery date by six months really took a wacking to aerospace, industrials, and even the whole market midday. I don’t know how the delay of the Dreamliner has to do with the rest of the Dow, but I suppose it was a reason to take profits. Given how much I’ve touted the long-term secular growth story of commercial plane demand and how Boeing and its’ Dreamliner fits into that, I feel I should share my thoughts on today’s development. To be clear, these are just my on-the-fly opinions, not facts or investment recommendations! Some readers have been getting on my case for saying this or that. Why don’t you do your own research and give me a solid rebuttal rather than just be emotional that I said something negative about your stock?
Anyway, this is definitely a disappointment for shareholders of Boeing and shareholders of the suppliers to Boeing for the 787. I would caution people to stay away from Boeing and a couple of its dedicated suppliers such as the smaller names I listed in the article Ten Plays on Boeing’s 787 Dreamliner - Part 2. Read the rest of this entry »
