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this post was submitted on 22 Mar 2024
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Their stock is still going strong tho. Defense contracts are a hell of a crutch.
I suspect people are expecting that they'll get absolutely rinsed by various investigations then get a massive federal bailout cos they are too strategically important to allow them to go bankrupt
Any federal bailout is going to come with shareholder pain. Not a chance in hell the feds just dump money into Boeing without making serious demands
i dont think it will get to the need for bailouts. They will throw some low level management to the wolves then replace some execs. The regulators already gave them the ability to audit themselves.
They have a habbit of spending billions on stock buybacks to keep their prices high 🫠
Wake me when its time to short Boeing, maybe put some on Lockheed if they absorb their active defense divisions, lol
i've been holding lockheed in the red for a a while.
It recently turned green
Iron triangle, soon a square with Elon