The jet-maker was first hit for delays in its new aircraft the Dreamliner. More recently, it's been hurt by a since-resolved strike among its workforce. All in all, I think it's safe to say the metrics are here and the company is ready to go full barrel ahead.
Look at the stat sheet. Its stock was recently trading at almost $41. That's only about a buck above its 52-week low of $39..99, which it hit on Oct. 16. On the upside, it has hit as high as $94.60 within that time frame. The stock has shed 54% of its value in the last year. It has a fat return on equity of almost 50% and a forward price-to-earnings ratio of only 6.47, which is very low. With revenue of $65 billion, $4.8 billion in the bank and $3.13 billion in operating cash flow, this company has it all. They can weather a tough market and are poised to move full-steam ahead. Now, I'm not saying that Boeing is going directly up. It may get stopped at the line of scrimmage or even thrown for a loss from time to time. Anything can happen in this market. But I am banking on the fact that it is a solid company that should run right up the gut, meaning I expect it to move forward. Keep moving the chains.- Loading Comments...
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