Any thoughts on Boeing? I've always considered them a premiere company I never invested in. I believe I will when there is a little more clarity. The bigger issue is ensuring aviation safety for the world. My initial thoughts are...
1. Two nearly new planes falling out of the sky is more than a little alarming with the minimal information we all currently have. There have been virtually no fatal failures for a decade from Boeing or Airbus before this.
2. I don't blame the FAA for not jumping to conclusions, nor do I blame countries for grounding 737 fleets temporarily until some facts come out.
3. Waiting a year for a formal investigation to conclude is just not going to work this time. BA needs to do some quick investigating and make the best initial decision, for the business, and humanity. It's in fact a duopoly. BA is not going away no matter what. Grounding the fleet briefly might send the stock to $200 for awhile. IMO they would survive that just fine.
4. My initial reaction was these are third world countries crashing planes. Yeah, upon further review these same countries have not been crashing Boeing planes so that is probably just my proud American arrogance reaction. The minimal drop in BA stock price today says this is no big deal. But I remain skeptical for now.
I truly have much respect for BA. They will be judged for decades on the way they handle this. That I know with some certainty.
1. Two nearly new planes falling out of the sky is more than a little alarming with the minimal information we all currently have. There have been virtually no fatal failures for a decade from Boeing or Airbus before this.
2. I don't blame the FAA for not jumping to conclusions, nor do I blame countries for grounding 737 fleets temporarily until some facts come out.
3. Waiting a year for a formal investigation to conclude is just not going to work this time. BA needs to do some quick investigating and make the best initial decision, for the business, and humanity. It's in fact a duopoly. BA is not going away no matter what. Grounding the fleet briefly might send the stock to $200 for awhile. IMO they would survive that just fine.
4. My initial reaction was these are third world countries crashing planes. Yeah, upon further review these same countries have not been crashing Boeing planes so that is probably just my proud American arrogance reaction. The minimal drop in BA stock price today says this is no big deal. But I remain skeptical for now.
I truly have much respect for BA. They will be judged for decades on the way they handle this. That I know with some certainty.